Mr. President, one thing is for sure, this is not the people's business. This is the business of the powerful and privileged. Well, this is really a bank heist. How big is this bank heist? Well, it is about $3 trillion being delivered to the very richest Americans. Let's add it up. Changing the tax brackets for those who earn more than $200,000, $673 billion; changing the individual alternative minimum tax which only affects the very wealthy, $637 billion; changing the estate tax, $83 billion; changing the corporate tax rate, most of which goes to the advantage of the wealthiest Americans, $1.35 trillion; changing the corporate AMT, $40 billion; and the passthrough legislation that favors the wealthiest LLCs, $414 billion. Add it all up, and it is well over $3 trillion. There it is--$3 trillion. It is $3 trillion for the very richest Americans. Is that the middle-class tax cut? Think about how much this is per person here in the United States of America. About $8,000 per person in America is being taxed so they can give $3 trillion to the very richest Americans. Is that a fair, square deal? What if we were to spend $3 trillion on the middle class? What if we were to do that? What if we were to invest a trillion dollars of it in infrastructure? It creates a lot of jobs today, and it creates the foundation for a lot of jobs tomorrow and the year after. What if we were to spend a trillion dollars on healthcare?…
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Mr. President, colleagues, let me keep this very simple. We provided a lot of funding in the Inflation Reduction Act so that those who have very sophisticated finances and very powerful advisers that try to avoid ever paying their taxes…
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Mr. President, I ask unanimous consent for my intern Ellie White to have privileges of the floor. The PRESIDING OFFICER. Without objection, it is so ordered. ____________________





