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The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.
I've said repeatedly publicly, and other members have, that until you adjust the eligibility for entitlements, do things like raising the age for Medicare for future beneficiaries. Not for those currently receiving or those about to receive. Have serious means testing for high income people. You know Warren Buffett's always complaining about not paying enough taxes. And what I'm complaining about is we're paying for his Medicare. We ought not to be providing these kinds of benefits for millionaires and billionaires.
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
I’m not for profiling people on the color of their skin or on their religion. But I would take into account where they've been traveling and perhaps you might indirectly have to take into account whether or not they've been going to radical political speeches by religious leaders. It wouldn't be that they are Islamic. But if someone is attending speeches from someone who is promoting the violent overthrow of our government, that’s really an offense that we should be going after. They should be deported or put in prison.
The first thing we should be concerned about the BLM movement should be the issues that the Black Lives Matter movement is bringing forward. There's no fundamental platform being brought by activists in Oakland, Baltimore, or New Jersey. The main issues that you see, the commonality between activists all around the country, are trying to deal with the challenges in the criminal justice system, something that is very much central to my work. So my hope is that people stay focused on the urgency to create justice here at home.
They [ the government of Puerto Rico] are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource. But there also need to be measures, changes within the government of Puerto Rico, in the ways that the island's funds are administered, not just to deal with this budget issue, but also to have, to attract the economic growth that is necessary for Puerto Rico to begin to grow economically. They are losing population, and they are losing economically.
For more than two generations, my family had never achieved their ambitions. Their talents were unappreciated and unused. They deserved better. They hadn't done anything wrong; they just had some bad breaks. Why was I succeeding? Why was I living my dreams? I wasn't more deserving than they were. I wasn't smarter or a better person. What was the difference between us that allowed me to attain so much in a short time? America. America was the difference. I had been born a citizen of the greatest nation in all of human history.
That's because of everything the public interest and the media interest is focused on: What did Donald Trump know and when did he know it? Whether there was cooperation with the Russians. I don't mean to say that's a distraction or we shouldn't follow it up. But the underlying story of the Russians trying to subvert our democracy, both through propaganda, planted stories, manipulation of social media and through direct efforts to infiltrate our state election system, is really an enormously significant event. And it's not over.
When you dig down, people are pretty progressive, by and large. I guess, I've said it many times - that a lot of people say we're a conservative country, that people are conservative. And my response to that is, yes, that's true, and you know what the people want to conserve most? The progressive traditions of our country - freedom of speech, and of the press and of assembly. Freedom to dissent. The freedom to practice your own religion or not practice religion as you see fit. Yes, we're conservative! We want to conserve those.
The future of the Democratic Party, the future of this country is involving young people in the political process, getting them to stand up for their rights, dealing with student debt, which I got to tell you is just crushing people all over this country, making public colleges and universities tuition free, those are the ideas we are bringing out, demanding the wealthy and large corporations start paying their fair share of taxes. This is what younger people, working class people want. That is the future of the Democratic Party.
Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated.
We have many advantages in the fight against global warming, but time is not one of them. Instead of idly debating the precise extent of global warming, or the precise timeline of global warming, we need to deal with the central facts of rising temperatures, rising waters, and all the endless troubles that global warming will bring. We stand warned by serious and credible scientists across the world that time is short and the dangers are great. The most relevant question now is whether our own government is equal to the challenge.
You've got the principled people who maybe are on salaried jobs, or CEOs, entrepreneurs, and all of those that are great people, but if you're not appealing - the permanent coalition is to join that with traditional Americans who feel like, that things aren't going well for them, and to develop policies that improve their lifestyle, not just upper-income lifestyles. And once that's believed by working people, that it's serious and a commitment and you care about people like me, for a change, Republicans could create a new majority.
I think people forget that when people lose Medicaid coverage, they still show up at the hospital when they have a chronic illness or a traumatic impact on their health. And those bills are paid by the hospital who then passes those costs on. They do not have a magic fairy paying the bills for people who show up without insurance. Those bills are passed on to all the people in our country that do have insurance. That's why this bill is not going to break the cycle of higher premiums - because we're going to have fewer people insured.
A very good friend of mine spent a fair amount of time doing postmortems and met with a number of the senior folks on the Romney campaign and they spent, what was it, $140, $160 million on data. And this friend of mine, who is a very sharp thinker, asked a series of questions, but the most important one he asked, he said, "What decisions did you make differently because of the data?" And he's coming from the private equity world where he wants to know, OK, and the answer from virtually every single senior Romney person was "nothing."
We are in a very critical and sensitive time in this nation. We need our president to sit down with folks who have a personal experience, a deep connection to the horror and the pain of this country`s provocative racial history. If the president wants to have a better understanding and appreciation for what he should do next, he needs to hear something from folks who have gone through this painful history. Without that personal connection to the painful past, it will be hard for him to regain that moral authority from my perspective.
What does have a chance of becoming law is a process that begins with securing the border. Currently the border is not secure and not just immigrants are coming across, but also drugs, weapons a whole series of problems. And I think that if you can prove to the American people that illegal immigration is under control, I think that the American people are willing to do something very reasonable about people who have been here for many years, who are not criminals, who are going to pay a fine, who are going to pay taxes, who are working.
If gun laws in fact worked, the sponsors of this type of legislation should have no difficulty drawing upon long lists of examples of criminal acts reduced by such legislation. That they cannot do so after a century and a half of trying - that they must sweep under the rug the southern attempts at gun control in the 1870-1910 period, the northeastern attempts in the 1920-1939 period, the attempts at both Federal and State levels in 1965-1976 - establishes the repeated, complete and inevitable failure of gun laws to control serious crime.
I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.
Immigration. There's two plans on the table. Hillary and I believe in comprehensive immigration reform. Donald Trump believes in deportation nation. You've got to pick your choice. Hillary and I want a bipartisan reform that will put keeping families together as the top goal, second, that will help focus enforcement efforts on those who are violent, third, that will do more border control, and, fourth, that will provide a path to citizenship for those who work hard, pay taxes, play by the rules, and take criminal background record checks.
The light bulb going off in my head was a fear that in this pivotal moment in history, when America faces so many serious problems, when the middle class and working class of this country are being decimated, that there were not voices out there representing the tens of millions of people who needed a voice. And the idea of going through a campaign where there is not a serious discussion about the most important issues facing America, where there are not voices out there representing people who are hurting - that seemed to me unacceptable.
Bernie Sanders did not wake up last night with this great idea that we should guarantee health care to all people as a right. Actually, it exists in every other major country on earth. You don't know that, because the media has forgotten to tell you that. But it does exist. In Denmark, because of union negotiations, the minimum wage is about $20 an hour. In Germany, you go to college tuition-free. In Finland, they actually pay you to go to college. Now, you don't know that in America because CBS forgot to tell you. But that is the reality.
The economy, virtually all the new income has gone to the top 10 percent, and we need to find those areas where we can actually make a change in that. And that includes enhancing manufacturing jobs in this country, it includes the ability to go to community college for free, it includes the ability to have debt-free higher education, it includes career technical education in our high schools. It also includes taking on the pharmaceutical companies on the extravagant prices that they`re charging for the drugs. Americans need to stay healthy.
The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?
I believe people ought to be treated fairly under the law. I see no reason why if the marriage contract conveys certain things that if you want to marry another woman that you can do that and have a contract. But the thing is is the religious connotation of marriage that has been going on for thousands of years, I still want to preserve that. And you probably could have both. You could have both traditional marriage, which I believe in. And then you could also have the neutrality of the law that allows people to have contracts with another.
In seven years, we'll have the highest percentage of Americans non-native born since the founding of the republic. And some people think, "Well, we've always had these numbers." But it's not so. This is very unusual. It's a radical change. And in fact, when the numbers reached about this high in 1924, the president and Congress changed the policy, and it slowed down immigration significantly. And we then assimilated through the 1965 and created really the solid middle class of America, with assimilated immigrants, and it was good for America.
I don`t know if this is good politics or bad politics to criticize Trump, but you`ve got to call out, just like people in communities when people say racist things and feel it`s OK now to be a sexist or a racist or a misogynist or a bigot, individuals have to call them out, I have to call them out when I see it. You have to call out this president when he engages, when he hires somebody that makes people even more uncomfortable. I mean, it`s not a difference in policy. People in this country, the fear levels are higher than I can ever remember.
I think, while it is true that the Hillary Clinton and I voted differently on the war in Iraq, what is important is that we learn the lesson of the war in Iraq. And that lesson is intrinsic to my foreign policy if elected president, is the United States cannot do it alone. We cannot be the policeman of the world. We are now spending more I believe than the next eight countries on defense. We have got to work in strong coalition with the major powers of the world and with those Muslim countries that are prepared to stand up and take on terrorism.
I see that very clearly in my own state of Maine, where there are people who have been affected by mill closures, some of which have been brought about by poorly negotiated trade agreements, and they do feel marginalized and left behind. They have not been able to find new work, despite the fact that they did nothing wrong that caused them to lose their jobs. Both parties need to do a better job of reaching out to those individuals, to those hardworking families, and providing job training, matching people and giving them new skills for new jobs.
Cubans who arrive and can prove that they are refugees who are truly fleeing political persecution will continue to qualify as refugees. The only thing that I've asked for is to do away with automatic benefits granted to someone, basically, Cubans who come from Cuba, if it cannot be verified that they are refugees fleeing political persecution, so they will be treated the same way as any other immigrant who arrives in the United States, which is that legal immigrants in the United States don't have the right to any federal benefits for five years.
You essentially have a human-relations database on millions of Americans. The administration said, "Well we're not listening to calls, we don't collect content." As [Vice President] Joe Biden said when he was a United States senator, you don't need to listen to those calls. If you have who somebody called, when and where, and you learned, for example, somebody called a psychiatrist three times in the last few days and twice after midnight, you know a lot about that person that they may not want people to know about them, especially the government.
There is a tremendous amount of corporate villainy going on in the US, where corporations are doing things that they know are causing harm, and they wouldn't do this where their children live or where their children are growing up. Communities often don't have the tools necessary to fight back against grievous harms being caused them. So to give a cause of action for folks who can demonstrate the harm that's being caused, it's critically important that you allow people to have more tools with which to defend themselves and defend their communities.
This is the free enterprise system. The only place in the world that I can recall where companies never failed was the old Soviet Union. This is what investors do in free enterprise and capitalism system. [...[ And, yes, free enterprise system can be cruel. But the problem with this administration is that small businesses are the one who had suffered the most, the kind that need investors, the kinds that don't need the hundreds of pages, thousands of pages of regulations that continue to plague them and have them hold back on the hiring investment.
Right now in the insurance markets, we have sort of a disaster unfolding, a downward spiral, adverse selection, premiums in the individual market going through the roof. People can't afford insurance and insurance companies are losing hundreds of millions of dollars. If you repeal part of Obamacare to get rid of the individual mandate but keep some of the ideas, that people can still buy insurance after they're sick, the situation gets extraordinarily worse. And so what we're seeing now could be tenfold greater if you only repeal part of Obamacare.
The United States has got to join the rest of the industrialized world in making sure that working families of the middle class have benefits that they absolutely need. We are the only major country on Earth that does not guarantee health care to all people as a right. We are the only major country on Earth that does not provide paid family and medical leave. There are many countries around the world which make sure that public colleges and universities are tuition-free. In our country, it's becoming increasingly difficult to afford to go to college.
We started America with the sin of slavery that led right into the post-reconstruction period which was the greatest period of domestic terrorism in our country's history. Then after that, we had Jim Crow emerge and just when the Jim Crow laws were ending came the onslaught of the drug war. Well, the drug war has so perniciously effected, insidiously infected communities of color that in some ways it has come full circle, and we now have more African Americans under criminal supervision than all of the slaves in 1865. This is a profoundly unjust war.
Conservatives believe that we need to defeat radical Islam not because we want war but because ISIS and other radical Islamist are enemies of peace and that's why we need a president, who in which under whom the best intelligence agencies in the world will find terrorists and the best military in the world will destroy them. And if we capture them alive, a president that will bring them to the United States. A president that will grant them a court-appointed lawyer, a president that will send these terrorists where they belong, to Guantanamo Bay, Cuba.
The American dream is about achieving happiness. When you become a fire fighter, a police officer or a teacher or a nurse, you know you're not going to become a billionaire. And what my parents achieved working as a bartender and a maid at a hotel after arriving here with nothing, no education, no money. The first words my dad learned in English where I'm looking for a job.You know what my parents achieved? They owned a home in a safe and stable neighborhood. They retired with dignity and they left all four of their children better off than themselves.
I believe that we will see cases like these that will continue because we're talking about companies that are doing business with a tyranny and a dictatorship. And when they do business with a dictatorship, a tyranny, they will have problems like this. This, I believe, is the beginning of several problems that there will be over the next few years because we are talking about American companies that now want to get cozy with this regime, and they will find themselves in very serious problems such as those we're seeing at this time with the Carnival Company.
I think when you're running for president, especially someone that's never held elected office, there's one set of things that you may view the world through - a lens that you may view the world through. Then, you get elected and you get good people. And those good people bring you the facts. And they bring you, "Here's what's going on. Here are our options. Here's what happens if you do this. Here's what happens when you do that." And that reality begins to assert itself. And you have to react to that. You're now the president. You're no longer a candidate.
I'm not surprised that Governor Dean would oppose [the $87 billion to fund Iraq reconstruction].... I've lost confidence that he has any understanding of the national security responsibilities of a President... [b]ecause I don't believe that he has any understanding of the international role that the United States has to play in the world. I think it's a kind of a pseudo-isolationism that appeals to the base of the caucus voters. I do not believe that particularly in the case of Iraq that Governor Dean has any fundamental understanding of what's at stake here.
Electric service providers in Missouri have warned that the EPA's so-called Clean Power Plan will raise energy costs for Missourians, reduce jobs, and hurt our state's economic competitiveness. As a member of the Senate Appropriations Committee, I've fought hard to ensure provisions that would defund this harmful power grab were included in the final appropriations bill. I also support legislation to block this harmful rule and protect workers and families from the damaging effects of the Obama Administration's executive overreach and costly energy regulations.
It's been years, but I still say that I went out with the same progressive values and liberal ideals that I went in with. I made a couple of mistakes, I will honestly admit. In retrospect, there are a few votes I wish I could take back. But, through it all, I kept my support for organized labor, I kept my support for income equality, I kept my support for making sure that kids that come from poor families have access to education. So, yes, I still believe that you don't have to give up your ideals and go along. One person can still stand up and make a difference.
President Obama, I think, wanted what was best for the country, but I think it didn't work well. I think we have the death spiral, and I think particularly premiums in the individual market are going through the roof. Republicans want what's best for the country, but I think they're not fixing the death spiral of Obamacare. They're going to subsidize it with a lot of taxpayer money. So, characterizing something as mean or generous I think goes to people's motives, and I think it is sort of why we have such an angry country now. We think that people have ill motives.
We're not going to give tax breaks to billionaires and then cut back on the needs of our elderly or poor or kids or education. We're not going to privatize Social Security - in fact, we're going to strengthen it. We're going to provide quality education for every kid in America, from preschool through college. We have to take on these corporate leaders who are selling out the American people, whose allegiance is now much more to China than it is to the United States. If we have the courage to take these people on, I think we can overwhelm George W. Bush and his friends.
The goal is not to just have rapists expelled from schools. I don't want rapists transferring schools. I don't want them out there, being able to commit these crimes. I want them to go to prison. But if you understand this crime and you understand what happens in the reporting of this crime and the support that a victim does or does not get, you realize that our legislation increases the likelihood that a young woman will go to the police in a timely manner and that the police will investigate and that they will be able to administer real justice in the criminal system.
Donald Trump is a world-class con artist. He conned all these people that signed up for Trump University. Now he's trying to do the same thing to Republican voters. He's trying to convince them that somehow he's the guy that is going to stand up to illegal immigration, but he hires illegal immigrants, that he's fighting for American workers, but he's hiring foreign workers for his hotels, that he's going to bring back jobs from China and from Mexico, but, in fact, he's creating jobs in China and Mexico, because that's where all of his suits and ties that he sells are made.
I, for one, despite being a pretty solid climate hawk, I am extremely sympathetic to West Virginia and its coal-country needs. I lived there for a year. I've seen it. And the same for Wyoming, Ohio, Pennsylvania, Kentucky. They all have parts of their state where that really matters. And I think that home-state constituency issue is a pretty constant one. And I think the problem of extreme lobbying by the corporate sector, which runs about $30-to-$1 compared to everybody else in the world, and the constituent aspect combines to give those industries a consistent advantage.
President Obama said, oh, we want to make insurance perfect for people, but he added all these regulatory mandates, made it too expensive. Young, healthy people didn't buy it, and the people remaining in the insurance pool were sicker and sicker. That's the adverse selection and the death spiral of Obamacare. And so really we do need to discuss the intricacies of what worked and what didn't work in Obamacare. And I think the better way to do this is to let individuals have the freedom to choose what kind of insurance is best for them. The government doesn't always know best.
I appreciate the good work that senators in both parties have put into trying to fix our broken immigration system. There are some good elements in this proposal, especially increasing the resources and manpower to secure our border and also improving and streamlining legal immigration. However, I have deep concerns with the proposed path to citizenship. To allow those who came here illegally to be placed on such a path is both inconsistent with rule of law and profoundly unfair to the millions of legal immigrants who waited years, if not decades, to come to America legally.