On the recordMarch 25, 2015
Mr. President, the budget the Republicans in the Senate have presented us with imagines a future where we give even more tax breaks to millionaires and special interests, while pulling the rug out from under working families. Instead of addressing the major challenge facing our Nation today--that middle-class families continue to face an economy rigged against them and their efforts to attain a better future for themselves and their family--this budget is fundamentally misaligned with the values of working Americans. Over the last 30 years, we have seen Wall Street and giant corporations make record profits and middle-class families have been left behind. According to the Economic Policy Institute, over the last 30 years, wages for the top 1 percent rose almost 10 times as fast as those for the bottom 90 percent. Last year, Oxfam calculated that the 400 wealthiest individuals in our country have more wealth than the bottom 150 million Americans. As a result, today the concentration of income at the very top has risen to levels last seen in the 1920s--a time of vast inequality that ended in economic disaster for our entire Nation. We have a responsibility to turn back this dangerous trend, and Minnesotans know how to do it. We have done it in Minnesota. We know how to grow our economy. We know that we grow it from the middle out, not the top down. Paul Wellstone had a saying: We all do better when we all do better.…





