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Tony C.
Democrat CA 29

About Rep. Tony
  • Understanding the Ryan-McConnell Tax Giveaways

    by Representative Tony Cárdenas

    Posted on 2017-11-01

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    CARDENAS. Mr. Speaker, it is a privilege and an honor to represent the community of the San Fernando Valley here in the United States Congress. I think it is my duty and responsibility to make sure that when something is going on in Washington, people should know what is going to happen to them and how it affects them.



    I think it is really important for everybody to understand that right now in the workings--and it is probably going to come to this floor in just a few days--is the Speaker Ryan-McConnell tax giveaways to big corporations, which will actually increase taxes for working families, working mothers and fathers.

    I think it is important for people to understand that this is something that is being sold as a middle-income tax cut. Actually, what it is going to do is it is going to cut the take-home income to middle class families.

    What it is going to mean is if you are a police officer or a teacher or a waitress, you are going to see less money every week. It might be $5 less a week, it might be $50 less a week, it might be $100.

    Let me tell you, the opposite of what is going to happen should this become law is that the biggest corporations in America are going to see $1 million less in taxes a week, maybe $50 million less in taxes paid a week, maybe $100 million less per week paid in taxes.

    Some people are thinking: Well, they earned it. They should keep it.

    Well, okay. I understand what you are saying. But, see, this is the fundamental problem of this $1.5 trillion reduction in the ability for our Federal Government to fund things like Medicaid and Medicare. Because when we see less money, you are going to see Members on this floor and in committees throughout this House and in the United States Senate saying: Well, we don't have the money.

    When they see a mother whose child has cerebral palsy and she is saying, ``I go to work every single day, and thank you, government, for allowing my child to be in a program so that he or she can be safe while I go to work,'' they are going to say, ``You know what? I agree with you, ma'am. We should fund that, but since we don't have the money anymore, we are going to stop funding that.'' This is a woman who just wants to work for a living. This is a person who just wants to make sure that she can have the dignity of work and have her child in a safe place, but we are going to cut those programs if we have this tax giveaway go through Congress and signed by this President.

    {time} 1045 You see, it is a multistep process. And what some of my colleagues-- and [[Page H8303]] so far, the only ones voting for this tax giveaway are my Republican colleagues. I say that accurately, not to be partisan, but just to be honest and accurate. They say we have to do this; it is going to stimulate the economy.

    Well, also, in this package, this plan that they want to make into a law, basically what it will do, it will actually incentivize the biggest corporations in America, American corporations. It is going to incentivize them to go ahead and close up shop in your neighborhood and go set up shop somewhere else in the world.

    And the only connection they are going to have with you, ladies and gentlemen, is they are going to want to sell those products to you, built by other than American hands in other parts of the world. The only other connection they are going to have is this: They are going to be able to bring their money, their profits, back to the United States, pretty much free and clear, and just count their money here, where they call themselves an American corporation.

    I think it is important, ladies and gentlemen, that we recognize that this is something that is wrong. This is something that is going to hurt the middle class. This is something, again, if you are a teacher, if you are a police officer, if you are busdriver, this is going to hurt you.

    If you are a single mother who is working every single day, proud to do that, you are going to see that you are not going to have the support you need to make sure that that childcare continues for your child.

    If you are a family member that has a mother or father whose only income is Social Security, they probably depend on Meals on Wheels. They probably depend on programs like that. Some of that comes from your Federal Government. But when these Republican colleagues cut $1.5 trillion out of the United States budget, it is going to come out of you, ladies and gentlemen. The people who have worked hard, seniors who are finally retired and should have the dignity of having a dignified life and having at least one darned meal a day, that is where it is going to come out of.

    Ladies and gentlemen, I am here to warn you, please call your Members of Congress. Please make sure that you let them know: I don't want that kind of giveaway.

    The SPEAKER pro tempore. Members are reminded to direct their remarks to the Chair and not to a perceived viewing audience.

    ____________________

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