On the recordApril 30, 2025
Mr. President, the Constitution of the United States puts two powers clearly--clearly--within the hands of Congress: the power to tax and the power to conduct trade policy, including the imposition of tariffs. These are powers for Congress, not the Executive. But President Trump finds Congress an inconvenience, and he has decided to take both of these powers onto his own shoulders by imposing a national sales tax--that is what his global tariff regime is--without any vote in Congress, purely on his own say-so, and to engage every nation in the world in a trade war on his own say-so without involving Congress. President Trump has said in the past: ``I alone can fix it,'' and we know that that statement is false. No one alone can fix the big challenges facing our Nation. But I think if he were to say, ``I alone can break it,'' the results of the last 100 days would have proven him correct. President Trump, on Inauguration Day, inherited the strongest economy on the planet Earth--not a perfect economy but the strongest economy, the envy of other industrialized nations. That is what he had just 100 days ago. And we know this morning that strong economy, which was growing for 3 years at a very solid pace, is now contracting. It is not only the contraction of the economy, it is chaos in the stock market; it is declining consumer confidence; it is projections of recession by Federal Reserve districts and major economists.…





