On the recordOctober 26, 2021
Madam Speaker, for the past several months, my colleagues across the aisle have struggled to advance their budget reconciliation bill. The reason is simple: It is a disastrous piece of legislation that the American people simply don't want now that they are starting to find out what is actually in it. When I served in Albany, we called these bloated budget bills, and ones just like this the ``Big Ugly,'' and ugly this is. I rise today to urge my colleagues to oppose our national ``Big Ugly,'' which will raise corporation taxes, and that includes small businesses and family farms, to 26.5 percent, one of the highest rates in the world, and higher than the Communist Party of China charges their corporations. Despite assurances from the administration, low- and middle-income taxpayers--and that includes, again, our small businesses and family farms, which are the heart of our communities which drive our economy-- they will bear the brunt of this bill's $2 trillion-plus increase in taxes. Meanwhile, elite universities, left-leaning media outlets, and families earning more than $800,000 per year will receive major tax benefits or breaks. This bill also allocates billions of dollars to Green New Deal policies while raising taxes on America's domestic energy producers. As we approach winter in upstate New York--and it is cold, trust me-- my constituents are facing some of the highest heating costs in recent memory.…





