Political Quotes

On the recordApril 4, 2025
families lose, billionaires win. That is the Republican plan. The Republican plan slashes $2 trillion for the programs families depend on to thrive in order to give more tax giveaways to the very richest Americans. Families lose--$2 trillion in core programs slashed--to deliver another $2 trillion to the richest Americans. That is a terrible plan. How about families thrive? How about billionaires pay their fair share? Now, there is a good plan we ought to be all able to get behind. But there is even more that is wrong with this Republican plan. We found out yesterday a new estimate of the cost of their plan in new debt over the next 10 years: $7 trillion--that is trillion with a ``t,'' trillion dollars--of unpaid-for tax cuts with most of it going to the richest Americans. But there is even more bad news because they want to extend that deficit, debt-creating machine into the future, and CBO tells us that that will cost $37 trillion, at a minimum, in new debt--$37 trillion. Well, that is awfully hard to get your hands around, $37 trillion in new debt. But there is even more bad news. They want to tell the American public their plan produces no new debt. They have this new version of the world in which they simply wave away the debt and say, ``pretend it didn't exist.'' It is called magic math. And it works like this: You sign a lease for a house. You are going to rent a house for a year. It costs $2,000 a month. It costs $24,000 a year.…
Said by
Jeff Merkley
Democratic · Oregon
Source
govinfo.gov
Apr 4, 2025

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