We're talking about the biggest profits ever, just like Wall Street declared the biggest profit year they've ever had in 2009. That's interesting. We talk about we want to save the smaller insurance companies. We've saved nobody. In the last 60 years, all that we've done is concentrate power, and the result of it is higher cost to the average citizen that lives in my district and every district here on the floor. I thank you, Mr. Chairman. Be persistent. Call the other folks out at the other end of the building and we'll see who really cares about the policyholders in this country.
Bill Pascrell: “We're talking about the biggest profits ever, just like Wall Street declared the biggest profit year they've ever had in…”
Editor's note · Context
Pascrell addresses the concentration of power in the insurance industry and its impact on costs for citizens.
Share
More from Bill Pascrell
Let me remind everyone how we got here. State and local taxes were always deductible--State and local taxes-- since the Civil War, before we even had a tax code, until the House Republicans and Mr. Trump stole the deduction in the 2017…
Similarly, the cost of insulin is now capped at $35 for millions of Americans, thanks to the action that we took.
So unemployment is at an historic low. Interrupt me when I say something that is not correct or can't be proven by data. Wages are rising. I want to come back to that in a minute. Inflation has plummeted. We got work to do. Factories are…
A fan shouldn't have to sell a kidney or mortgage a house to see their favorite performer or team. That is what it has come to. That is what it has come to. Of course, I remain committed to the BOSS and SWIFT ACT. It just takes a little…





