On the recordJuly 19, 2022
Senator Lee raises important issues about the deficit. I hope very much that he will be able to convince his Republican colleagues and Democratic colleagues as well that, among many other reasons, we should vote against this major corporate welfare bill that is coming down the pike, which will add at least $76 billion to the deficit. So if we are concerned about the deficit, as Senator Lee is and many others are, I hope that will be one of the reasons we vote against this massive corporate welfare bill that we will be considering later this afternoon. I hear a lot of concern about the deficit here in the Senate, and I hear people say: We can't afford to feed hungry children. We can't afford to deal with climate change. We can't afford to guarantee healthcare to all. The deficit is very, very large. Well, we are talking about $76 billion--at least that; maybe more-- which will add to the deficit. So when you consider the deficit, you might want to also take into account tax breaks and corporate welfare for large, profitable corporations. I want to say a few words about this so-called chips bill and what it says about our national priorities, what it says about our tax policies, and basically what it says as to whether or not the U.S. Congress is capable of representing the needs of working families or whether we are totally beholden to wealthy and powerful corporate interests and their campaign contributions.…
Source
govinfo.gov




