I rise today--and I will confess, I rise today a bit angry about this bill--this bill cooked up in back rooms, dropped at midnight, cloaked in fake numbers, with huge handouts to big Republican donors. It loots our country for some of the least deserving people you could imagine. When I first got here, this Chamber filled me with awe and wonderment. Our leader, Harry Reid, frequently called me his happiest Senator, such was the awe and wonderment that I felt here. Today, I feel disgust. This piece of legislation is corrupt. This piece of legislation is crooked. This piece of legislation is a rotten racket. This place feels to me today like a crime scene. Get some of that yellow tape and put it around this Chamber. The midnight transfer of wealth in this bill is disgusting. There is a backdrop here. The backdrop here is the wealth inequality in our country already, in which the wealthiest 1 percent of our population owns 30 percent of the wealth and the poorest half of our population, together, only own 3 percent of the wealth--the top 1 percent, a third of the wealth; the bottom half of the population by income, 3 percent of the wealth. And against that backdrop, this bill transfers wealth from middle-class families to giant corporations, billionaires, and megabillionaires.
On the recordJune 28, 2025
Source
govinfo.govEditor's note · Context
Addressing concerns about a bill perceived as benefiting wealthy donors at the expense of middle-class families.
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