On the recordApril 4, 2025
Madam President, let me say a few words about where we are as a nation, what this budget resolution does, and why I am strongly opposed to it. As you may know, we have more income and wealth inequality in our country today than we have ever had in the history of America. Three people on top own more wealth than the bottom half of American society. The top 1 percent owns more wealth than the bottom 90 percent. CEOs now make about 300 times more than their workers. In other words, the very rich are becoming much richer, and working families are struggling. So what does this budget resolution do to address this very serious crisis? Does it help working people? Does it help low-income people? No, not really. It actually makes income and wealth inequality much worse by providing massive tax breaks to the billionaires and the richest people in this country, driving up the national debt and making those on top very, very happy. In America today--the richest country in the history of the world--we have 60 percent of our people living paycheck to paycheck, struggling every week to put food on the table, to pay the rent, to deal with childcare, to take care of healthcare. Real wages--real inflation, accounted-for wages--for the average American worker have been stagnant for the last 50 years. This is why the huge increase in worker productivity. Today, all across this country, you have workers working for 11, 12, 13 bucks an hour--working for starvation wages.…
Source
govinfo.gov




