Tom Cole: “Long Islanders face some of the highest tax burdens anywhere in the Nation. At the same time, America, with our $38…”

“Long Islanders face some of the highest tax burdens anywhere in the Nation. At the same time, America, with our $38 trillion in debt, needs to start to freeze and cut spending wherever possible. When we deal with these financial issues, lawmakers in this body would be wise to protect important government services. Thankfully, the fiscal year 2026 Financial Services and General Government bill, which is on the floor today, cuts spending by $140 million and sends a clear message that Washington is doing its part to ease, not add to, our tax and deficit burden, all while protecting important government services. That is why I rise today in strong support of this bill. As vice chair of FSGG, and under the strong leadership of Chairman Cole and Chairman Joyce, our subcommittee worked to deliver a disciplined funding package that addresses the real pressures facing families and businesses back home. This legislation provides $26.5 billion in discretionary funding to support economic growth, protect individual liberties, and ensure the institutions upon which Americans rely work more effectively for them. This bill strengthens our financial system and economic security.”