Mr. President, recent polls suggest that Congress has a 19-percent favorability rating, and I find that shocking. Clearly, if that 19 percent had any inkling as to what goes on here in the Senate, that number would be much lower. Over and over again, I hear Members of the Senate express their deep concerns about the deficit. ``Oh, my God, our deficit.'' We can't maintain a child tax credit to cut child poverty, and we can't make sure that senior citizens on Medicare have teeth in their mouths--we just can't afford it--but, apparently, we can afford to provide $125 billion in tax breaks over the next 4 years to some of the most profitable corporations in America, including Amazon, Intel, AT&T, Boeing, you name it. This amendment would repeal--now, this is amazing, and I say this to my Democratic colleagues. This amendment would repeal a modest tax increase on profitable corporations that President Donald Trump pushed to partially offset the cost of his massive tax giveaway to the rich a few years ago. This was Trump's initiative to kind of cover the tax breaks he gave to billionaires and large corporations. If this amendment were enacted, Lockheed Martin and Raytheon would receive a $2 billion tax break each year, and Northrop Grumman would receive a $1 billion tax break. Is that what we are in the business of doing, telling working families we can't help them but that we are giving huge tax breaks to some of the wealthiest and most profitable corporations in America?…
On the recordMay 4, 2022
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