On the recordJune 28, 2025
I rise today to oppose this partisan reconciliation bill. Republicans have named it the One Big Beautiful Bill, but you would only lose that kind of title if you were trying to hide something. And here is the simple truth: This bill takes health insurance and food assistance away from millions of Americans and gives President Trump's billionaire and millionaire friends giant tax cuts. Indeed, this bill would provide hundreds of billions of dollars in tax giveaways to the country's 902 billionaires and millionaires while kicking 17 million Americans off their health insurance. Just weigh the balance: 902 billionaire beneficiaries with extraordinary tax deductions and tax benefits versus denial of healthcare to 17 million Americans. It doesn't balance. And despite slashing healthcare, somehow this bill will add trillions of dollars to our national debt. It will further weaken our financial position in the world. It will, indeed, have many countries wondering if the United States is, as it has been since the end of World War II, the place to put their resources, their investments, their reserves. This could have profound fiscal and monetary implications to the United States, and if you tie that together with this tariff battle, we are headed economically in the wrong direction, as we are socially.
Source
govinfo.gov




