It is the Wall Street business model. Chair Powell knows that. I know that. My Republican colleagues and Democratic colleagues know that.

So the Fed has raised interest rates eight times over the last year in what has been the most extreme rate hike cycle in 40 years.

Unemployment is at a historic low, 3.4 percent. That is not just a number.

I am just looking at the numbers.

So that's a pretty grim picture about what's going on, and it's particularly alarming because, in 2021, investors bought up one-quarter of all single-family homes that were on the market.

Well, but it is, and it is in your report, and that would be about 2 million people who would lose their jobs, people who are working right now making their mortgages.

I just want to say our tax policies reward giant real estate investors who raise fees, jack up rents, and evict families.

for decades the country has underinvested in our housing supply, and the data I see suggests we're now facing a shortage of as many 7 million affordable homes.

the Low-Income Housing Tax Credit is not perfect, but it helps drive the development of affordable rental homes.

And putting 2 million people out of work is just part of the cost, and they just have to bear it?

You are gambling with people's lives, and there is a pile of data showing the price gouging and supply chain kinks and the war in Ukraine are driving up prices.

We could make the tax system a whole lot fairer as part of what we are doing here.

So let me just say, thank you Ms. Weisenfreund for the work you do.

If Republicans get their way this is going to be about 2.6 million Americans who lose their jobs.

Our choice could not be simpler. And that's what we're here today to talk about.

The debt ceiling hostage demands that they are making would shrink our economy.

So when you take all that into account, that is the size of the cuts and the programs you would have to cut to achieve a reduction in spending of that size.

We need to raise the debt ceiling. Without conditions.

So serious conversations about reducing the national debt should start with rebalancing our tax system, not start with how to hurt families.

Here is another. Tax the profits that giant multinational corporations hide overseas right now, helping level the playing field for domestic businesses and joining Europe and others in enacting a global corporate minimum tax.

These MAGA House Republicans are threatening to cut the little bit of funding that we do have going into childcare.

The House Republicans have decided to use the debt ceiling to hold our Government and our economy hostage.

Congress should raise the debt ceiling without spending cuts or other conditions.

So I am just trying to think through what this means in terms of job losses.

Responsible lawmakers should flat out refuse to cut a single dollar of investments for the 99 percent.