Mike Thompson: “I want to start today with some good news. I think it is fantastic that the Golden State Warriors played an incredible…”

“I want to start today with some good news. I think it is fantastic that the Golden State Warriors played an incredible basketball game last night and brought them to victory over the Rockets out of Texas and are going to advance onto the next round of the basketball playoffs. So I congratulate the Dubs. Sadly, that is where the good news ends. What we are going to talk about for the rest of this evening is some bad news, bad for the American people. The Republican plan to extend the Trump tax cuts for billionaire donors like Elon Musk is a bad deal for the American people. During this Special Order, we are going to lay out exactly how reckless this Republican plan is to extend the Republican Trump tax cuts. An extension of the Republican Trump tax cuts would disproportionately benefit those who need it the least, would recklessly increase our Nation's deficits, and it fails to prioritize hardworking Americans' contributions. Republican tax cuts get our priorities exactly backwards. When Democrats passed tax cuts, we focused on who needed the help the most. The tax cuts that Democrats passed and that President Biden signed into law were some of the most significant middle-class tax cuts we have seen in a generation. In 2021, our expanded child tax credit nearly cut child poverty in our country in half. We also made historic expansions to both the earned income tax credit and the dependent care credit which dramatically cut child poverty.…”