On the recordApril 18, 2016
I thank Representative Plaskett. She raised several important points. She noted that our colleagues on the other side of the aisle continue to embrace this notion of trickle-down economics, which is sort of the foundation of many of the slash-and- burn cuts that are contained in at least a budget document that has been passed in prior years and the document that was put forth by the Committee on the Budget this year, this belief that if you lower the tax rate for millionaires and billionaires, that it will result in some residual benefit to the American people. But there is an irony in the embrace even of that term, ``trickle-down economics.'' With the leadership of Representative Bobby Scott and others, the CBC has consistently put forth a budget designed to open the floodgates of prosperity for working class Americans and middle class folks all throughout this country, but what the Republicans want to do is trickle-down economics. The only thing that you get with that philosophy, you may get a trickle, but you are guaranteed to stay down. We are thankful that Representative Scott for so many years has consistently put forth through his leadership a budget from the Congressional Black Caucus designed to be both fiscally responsible and consistent with our ideals as a country that looks out for the least of those amongst us. Let me now yield to the distinguished representative from the Commonwealth of Virginia, Mr. Bobby Scott.
