On the recordFebruary 25, 2025
Mr. Chairman, I yield myself the balance of my time to close. In doing so, let me first begin by saying that my good friend, John Larson, on the Ways and Means Committee has for years promoted Social Security 2100, which would actually fix it for the rest of this century. Mr. Chairman, President Trump and the Republican majority were elected last November to deliver on a simple promise, to lower costs for Americans. Unfortunately, this budget does not do that. My Republican friends have decided that providing billions of dollars in tax breaks for a few millionaires and billionaires is worth ordinary Americans bearing, as Elon Musk put it last year, some temporary hardship. That hardship brought about by this budget will come in many forms and may not mean much to the richest man in history, but it will certainly mean a lot to ordinary people. It will grow our debt by $4.6 trillion. It will lead to higher interest rates and raising prices on goods that Americans pay for every day. It will cut crucial government services that keep us safe, healthy, and productive. It will strip healthcare and food assistance from tens of millions of Americans who are already struggling to make ends meet. What are Americans getting in exchange for this hardship? Tax cuts for billionaires and corporations that they do not need and that our country cannot afford. Mr. Chair, this is a bad deal. I urge all of my colleagues to reject this proposal. I yield back the balance of my time.





