On the recordAugust 10, 2021
let me begin by thanking President Biden and Majority Leader Schumer for their leadership in the arduous process which has gotten us to where we are right now. I do understand that many of my Republican colleagues are in a bit of shock. They are in a bit of shock now. They are finding it hard to believe that the President and the Democratic Caucus are prepared to go forward in addressing the long, neglected needs of working families and not just the 1 percent and wealthy campaign contributors. That is not the way things usually happen around here. Usually, it is the big money interests, the campaign contributors, and the lobbyists who call the tunes. But not today. Today, we move this country in a very different direction. The American people are sick and tired of growing income and wealth inequality in our country, where two people now own more wealth than the bottom 40 percent, where the top 1 percent owns more wealth than the bottom 92 percent, and where 45 percent of all new income has gone to the top 1 percent since 2009. In other words, the people on top are doing phenomenally well. Meanwhile, while the very rich have become much richer, the gross unfairness of our current tax system has allowed, in a given year, some of the wealthiest people in our country and some of the largest and most profitable corporations to not pay a nickel in a given year in Federal income tax--not one penny. Well, that is about to change.…





