On the recordFebruary 19, 2025
Mr. President, it is a great day to be a billionaire in America; for the rest of us, not so much. Egg prices are the highest they have ever been. Rent is through the roof. Prescription drug costs are squeezing families and seniors. But billionaires like Elon Musk-- billionaires--are doing just great. In fact, they are about to be doing a whole lot better because, if Donald Trump and my Republican colleagues have it their way, they are about to get another massive handout--a $4.5 trillion handout, to be precise--yes, trillion with a ``t''--and one that will explode the national debt. This bill, the one we will all, but certainly soon, consider on this very floor, reads like a thank-you card to the ultrawealthy. It supercharges the President's 2017 billionaire windfall. But how, we should ask, are we going to pay for it? Well, we already know; don't we? They are going to come after Medicaid. Forty-four percent of their proposed cuts to fund this tax cut for billionaires are to Medicaid. They are going to come after Medicare and healthcare generally. They are going to come after the services that keep our veterans housed, our communities healthy, our children educated. All of it--all of it--is on the chopping block, and here is the thing: They are already chopping away. So let's be crystal clear about what Republicans are asking us to consider.…





