On the recordApril 9, 2025
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I have to say it is like deja vu all over again because we were on the House floor about a month ago to have a debate about the House Republican budget reconciliation resolution, which included trillions of dollars in big giveaways that mostly benefit the top 1 percent, paid for, in part, by the biggest Medicaid cuts in American history, combined with trillions of dollars in new debt. Here we are again a month later and after the Senate Republicans made their changes, we have even more in tax-cut giveaways. Instead of $4.5 trillion, it is now $7 trillion, most of which one penny doesn't even pay for it, except, again, for cuts to Medicaid, as well as cuts to other programs. Now, there is a little bit of confusion here on a couple aspects, and I will quickly address them. First, on tax cuts, there is no question that there will not be a tax increase on working Americans. There is widespread agreement, on both sides of the aisle, when it comes to tax cuts on those making under a million dollars a year. In fact, in the Rules Committee a few weeks ago, a Democratic Member offered an amendment to say we agree. Where the disagreement lies is in those who make more than a million dollars a year. The top 1 percent, in fact, the top one-half of 1 percent. Every Democratic Member voted in favor of that amendment that would make clear we would be extending the tax cuts for everyone who makes up to $1 million.…





