On the recordNovember 7, 2023
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, we hear time and again that these draconian spending cuts are necessary because of the deficit, but let's take a step back and think about how we got here in the first place and what we really can do about it. We need to remember that 36 percent of the debt is due to Republican tax cuts, the Iraq war, the Republican war. This does not include the $12.5 billion that Republicans are adding to the deficit from their cuts to the IRS last week. Clearly, Republicans like to talk about this, but they don't fix the problem. Indeed, they are the problem. Their tax cuts are the problem. While the House GOP continues to blame critical social, economic development, and law enforcement programs for the Nation's debt, they hide the fact that if it weren't for those tax cuts enacted under President Bush and President Trump, our debt wouldn't be an issue. Indeed, the report shows that revenues would have kept up with spending if we wouldn't have had these tax cuts. Mr. Speaker, let's remind people where those tax cuts went. Who benefited? The wealthy and the corporations that to this day still do not pay their fair share in taxes. If you want to address the issue of the deficit, let's address the issue of the tax cuts, which you can see on this chart are primarily due to the Trump and the Bush tax cuts, which isn't included on here, or the Reagan tax cuts, which is when we started this downward spiral. Mr.…





