On the recordApril 11, 2018
Mr. Speaker, on Monday, the Congressional Budget Office revealed that the Republican tax giveaway to corporations and the wealthiest Americans will increase our debt by $2.1 trillion. Over the next 10 years, our debt will equal 105 percent of our gross domestic product, according to the Committee for a Responsible Federal Budget. And the Republicans' idea to close this gigantic increase in the deficit is to make massive cuts to Medicare, Social Security, and Medicaid. They want seniors to sacrifice their retirement security and their dignity in order to pay for a Republican tax giveaway. President Trump's budget for fiscal year 2019 cuts $500 billion from Medicare, $1.4 trillion from Medicaid, and $72 billion from Social Security disability insurance, and that still isn't enough to balance the budget. So they will, of course, continue to propose cuts to education, veterans, working people, and other critical resources for families across America. This is shameless. The American people are going to see right through this. A gigantic tax cut for the richest people in this country, the most powerful corporations, and now the Republicans are trying to make seniors pay for it by cuts to Medicare, Social Security, and Medicaid. Shame on them. ____________________





