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Mr. THUNE. Madam President, before I get to my main topic, I just want to briefly respond to something the Democratic leader, the Senator from New York, said regarding the tax cuts bill that passed in 2017.
The Democrats, none of whom voted for it, obviously, have not ceased to criticize the passage of that tax relief bill, notwithstanding the significant economic progress that we have seen as a result of its passage, coupled with relief from regulations and other policies that have been implemented by this President in working with the Congress.
There is historic economic data to report. We have record unemployment rates all across the country. We have seen record wage increases.
The Senator from New York talked about how this hasn't benefited working Americans. That couldn't be further from the truth. If you look at the data, it is very clear that wage rates are growing. They are growing at the fastest rate in over a decade. Today, we actually have more jobs available in this country than we do people looking for jobs. That is also a historic first and something that has been happening now for many months in a row.
We have record low unemployment, record high wages, and growth in the economy that we haven't seen in over a decade either--3.1 percent in a calendar year, fourth quarter over fourth quarter. That is the first time we have seen north of 3 percent growth in our economy since 2005. So if you look at the evidence, it is pretty clear that the tax relief bill that was passed by the Congress and signed into law by the President in late 2017 is having the desired effect.
With respect to the arguments that were made that this is what is contributing to the debt and the deficit, just last week there was a piece in the Wall Street Journal by a former colleague of ours, Senator Phil Gramm from Texas, who pointed out the Congressional Budget Office has adjusted its projections when it comes to growth in the economy since the tax bill passed.
In 2017, when it was in the process of being passed, the CBO was projecting 2 percent growth in 2018 and 1.7 percent growth in 2019. They have now modified those projections to 2.9 percent in 2018 and 2.7 percent in 2019.
What that means is--an additional percentage point of growth means higher government revenues. In fact, the CBO has adjusted their projections with respect to government revenues upward to about $1.2 trillion over the next decade. Government revenues of $1.2 trillion would be about 80 percent of what the projected cost of the tax bill was, about $1.5 trillion. At the time, we projected we would see additional economic growth as a result of passing tax reform and allowing individuals and businesses, whether they are organized as C corps or whether they are organized as passthroughs, to benefit from these provisions and changes in the Tax Code--faster cost recovery and lower rates--that would encourage them to invest, grow, and expand their operations. That is exactly what has happened.
As a result of that, according to the CBO and based on their projections, you have seen government revenues going up and up by over $1 trillion. Again, that is almost 80 percent and pays for the cost of the tax bill that the Democrats are so quick to criticize as contributing to the deficit and the debt.
So I would argue that if you look at the facts--facts are stubborn things--if you look at the record, if you look at the data, and if you look at the statistics, they all point to the impact of tax reform and other pro-growth policies that have been implemented by the Trump administration and this Republican Congress; they are having the desired effect. We are seeing increases in wages. Obviously, we are seeing a tremendous impact on growth and on jobs in this economy, and that is good for American workers.
Obviously, when you reduce tax rates, hopefully, that benefits everybody, but when you have a growing, vibrant, and robust economy, that lifts all folks. Everybody benefits from that, and we are seeing the effects of that as a result of this policy.
I know the Democrats all voted against it, so I suppose they have every reason to try to criticize it, but, again, if you look at the facts, if you look at the record, and if you look at the actual data, you get a very different conclusion from the one that they are trying to put forward and advance.
Judicial Nominations
Madam President, last week, we confirmed John Fleming to be Assistant Secretary of Commerce for Economic Development. The story of his confirmation process has been a familiar one over the past 2-plus years. He is a noncontroversial nominee being forced to languish in limbo for months because Democrats will not agree to move the nominee forward outside of the lengthy cloture process.
As Senators, we have to take our confirmation responsibility seriously, and sometimes that means that we oppose a candidate who raises serious concerns about his or her suitability for the position for which he or she has been nominated. What it should not mean--what it should not mean--is that we reflexively slow-walk qualified candidates simply because we don't like the President who is doing the nominating. But that is what Democrats have done over the past 2 years, over and over and over. Again and again, the President has put up a qualified candidate the Democrats don't really object to, and, again and again, they have forced the leader to file cloture on the nomination, delaying confirmation for weeks or months.
How do we know the Democrats didn't have genuine objections to a lot of these candidates? We have the Democrats' votes to prove it. Nearly half of the recorded cloture votes in the 115th Congress received the support of 60 or more Senators when it came to a vote. More than one- third of the recorded cloture votes ultimately received 70 or more votes in support. That means that more than one-third of the time, 17 or more Democrats voted in support of ending debate on a nomination and moving forward to a vote. Yet, in each of those instances, Democrats delayed the nomination from coming to a vote by forcing the leader to file cloture.
In one particularly egregious instance of objection, Democrats forced the Senate to spend more than an entire week considering four district court judges, even though not one single Democrat voted against their confirmation. That is right. Not one single Democrat voted against their confirmation. These judges could have been confirmed in minutes by a voice vote. Instead, Democrats forced the Senate to spend more than an entire week considering the nominations, a week that could have been spent on the many issues--serious issues that are facing this country--or a week that could have been spent on nominations that actually needed to be debated on the Senate floor.
During the 115th Congress, Senate Democrats forced 128 cloture votes on President Trump's nominees--128 cloture votes. Do you want to know how many cloture votes Republicans forced during President Obama's first Congress, his first 2 years in office? Twelve.
In our democracy, you win some elections and you lose some elections. That is the way it goes. Sometimes you are a big fan of the person in the White House and sometimes you are not. That is the nature of free elections. That is the nature of life in a democracy.
But 2-plus years on, Democrats still can't accept that they lost the 2016 Presidential election. They have spent the past 2 years doing everything they can to oppose the President, even if the American people get hurt as a result.
There is a reason that Senators, during previous administrations, have not objected to votes on a President's nominees, even when they didn't like the President. It is because Senators have generally recognized that a President needs to fill vacancies in the executive branch so that the work of the government can get done. Senators have also tended to think that a President duly elected by the American people deserves to be able to staff the administration that the American people have chosen.
Democrats have apparently decided that it is more important for them to be able to express their antipathy to President Trump than for the government to be able to get its work done.
Democrats' unprecedented obstruction has also eaten up time that the Senate could have been spending on other priorities--from growing our economy to making healthcare more affordable, to helping Americans save for education and their retirement.
I would like to suggest to my Democratic colleagues that 2 years is long enough for throwing a tantrum over the 2016 Presidential election. It might be time to accept the election results and to work with Republicans to confirm the President's nominees in a timely fashion. After 2-plus years of Democratic obstruction, I am not holding out a lot of hope, but there is always a chance that Democrats will decide that it is time to stop playing partisan games and to start focusing on the business of the American people.
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