On the recordJanuary 29, 2020
Mr. Speaker, I rise today in support of families in my district who are experiencing deep economic uncertainty. A report issued late last year highlighted that hardworking families in my district, especially those with children, are struggling with rising costs and stagnant wages. The report is called ``Underwater'' because even as Wall Street rides high, American families are struggling to stay afloat. In fact, people and small businesses in my district are suffering as a result of this administration's economic policies, its trade wars, and corporate giveaways. At year end, a typical working family earning $70,000 a year is likely to be over $2,000 in debt after paying for childcare, housing, and healthcare, and that is before they start saving for college or retirement. Forty percent of the families in my district make less than that. For these families, the American Dream of providing a better life for their children slips further from their grasp every day. Instead of corporate welfare, our economic policies must support working, middle-class families in order to create healthier and more prosperous communities for everyone. ____________________