Mr. President, the Republican bill that now sits before the Senate is poison. Last night, Senate Republicans began the process to pass legislation eviscerating Medicaid, crushing the healthcare of the young and old alike, and squandering…
Mr. President, the Republican bill that now sits before the Senate is poison. Last night, Senate Republicans began the process to pass legislation eviscerating Medicaid, crushing the healthcare of the young and old alike, and squandering their future and our future.
First thing this morning, we will talk about why they are doing this, so they can achieve tax cuts for the ultrarich. Slashing Medicaid so cruelly and callously would be bad enough, but as Americans learn that Republicans are doing it simply to give tax cuts to the ultrarich, an electric shock is going to go through the American people, and they will cry out: What the hell is going on? Donald Trump is betraying us.
This is the Republican agenda, plain and simple: Billionaires win, American families lose. Republicans have failed to be honest with the country about the true nature of their cuts. Today,
this morning, Senate Democrats will come to the floor to put the Republican agenda on trial before the court of public opinion. Democrats will expose the dark corners of the Republicans' plan.
We will explain the devastating consequences and highlight the many injustices that the Republicans will inflict on people's health, on their financial security, on their children's future, and, in fact, on their very dream, the very future of the American dream itself.
I spoke--many of us spoke--on the issue of Medicaid last night. And I thank my colleagues who did the same: Senators Merkley and Durbin, Baldwin, Hassan, Kim, Reed, Cortez Masto, Slotkin, Klobuchar, Welch, Warnock, and Bennet. We will continue today, this morning, exposing Republicans' morally bankrupt tax breaks on billionaires, and then Donald Trump's dumb and costly tariffs.
They have tried to hide Medicaid cuts. They have tried to hide their billionaire tax giveaways. If Republicans won't be straight with the American people about their agenda, Democrats are glad to do it for them.
Today, Senate Democrats will come to the floor to put the Republican agenda on trial before the court of public opinion, as I said before.
So we continue today; first, by exposing the Republicans' morally bankrupt tax breaks for billionaires and then Donald Trump's dumb, costly tariffs. We will proceed to then talk about the need to stand up for our veterans and national security. Donald Trump has made even the more conservative Republican veterans organizations angry.
We will then talk about the unprecedented corruption and self-dealing that Donald Trump has unleashed in our government. He and Musk seem to want to make themselves richer using their government position, and their families as well, to gain even more wealth, and, finally, on the existential fight to protect Social Security from the chain saw of Elon Musk. We will speak on all of these issues as the day goes on.
Democrats will expose the dark corners of the Republican plan. We will explain the devastating consequences and highlight the many injustices the Republicans will inflict on people's healthcare and financial security and on their children's future.
This is a fight the American people need to see because people's lives and livelihood are at stake. The healthcare that protects our kids is in danger, the benefits that keep our seniors whole are at risk, the investments that unlock America's future are hanging by a thread, and Republicans are about to cut it. Why? Why do they do all of this? What is the purpose of all this nastiness?
It cannot be said enough: Republicans are trying to give the ultrarich another tax break--another tax break. They have got plenty of money. Taking away someone's Social Security, cutting their Medicaid, telling veterans they don't get healthcare, all to give tax cuts for the wealthy, what an awful scheme.
Why are they doing this? Frankly, they are in a billionaires' bubble. It is a small group of billionaires that run the whole Republican Party. A lot of them have been plotting to do this for over a decade with their think tanks and their rightwing media voices and their taking over other media and social media. But they have been trying to do it for a long time, these superrich, supergreedy billionaires. And with Donald Trump, they have succeeded. These billionaires are running the show, plain and simple.
These billionaires who don't have any understanding of what the average family goes through when they sit at the dinner table and say: How are we going to buy the new car? How are we going to go on that little vacation to visit grandma? How are we going to give our kids the best school supplies and education they need?
They have no understanding of this; exemplified in Howard Lutnick, one of these billionaires. When told his mother might not get another Social Security payment, he said, ``She doesn't need it.''
Well, of course, if your son-in-law is a billionaire, Mr. Lutnick, yeah, it is easy. What about everybody else? These billionaires are so limited. They only talk to each other. They don't even think of the harm they are doing to average people or they don't want to know about it.
So they listen to one another and refuse to understand working people, and that is sickening.
When Democrats expose all these cuts to healthcare and veterans and nutrition, the American people will think it is sickening too. That is the fight we Democrats will have on the Senate floor.
Today, tonight, tomorrow, next week, next month, next year, Democrats will fight every which way against this vicious attack on American families where billionaires win and families lose.
We will fight this awful bill and shine a light on these terrible cuts for all the American people to see. And when the American people see it, they won't like it; they will despise it. Senate Republicans, your embrace of the billionaires' agenda puts you on a path of despair and defeat--despair among the millions of Americans you cruelly flay and defeat for you and your agenda.
I yield the floor.
Mr. President, I thank my colleague from Oregon for his outstanding words on this issue--on tax issues and so many other policies, trade, and everything else. He is one of our real experts in the entire Congress, so I thank him.
Now, I thank my colleagues for speaking this morning. We now continue to talk about Donald Trump's assault on American families. Last night, we talked about Medicaid; this morning, about taxes.
Now we move on to Donald Trump's dumb and costly tariffs--the Trump tariff tax. After that, we will proceed to talk about the need to stand up for our veterans and national security.
Then, on the unprecedented corruption and self-dealing that Donald Trump has unleashed on our government, helping his billionaire friends make money off the government to become richer, and, finally, on the existential fight to protect Social Security from the chain saw of Elon Musk.
Tariffs
Mr. President, now on tariffs, the Trump tariff tax. This week, Donald Trump made one of the dumbest decisions he has ever made as President--and that is saying a lot. Instead of fixing inflation, which he promised to do, Trump unleashed a wave of tariffs that will make inflation much worse. How do Senate Republicans respond to Trump's tariffs? By cutting Medicaid and giving billionaires a tax cut. That is why he is doing this.
Why would he raise the cost on American families by $5,000, as it is estimated? Simply because his very wealthy billionaire friends want greater tax breaks.
Here is what Chairman Powell just said about the Trump tariff tax. Powell said:
It would increase inflation and slow growth.
And then Donald Trump responded in his billionaire bubble, he asked Powell to lower interest rates. What planet is he on? The nonpolitical, bipartisan, nonpartisan Chairman of the Fed says it is going to raise inflation and slow growth, and Trump says lower interest rates. It is going to do just the opposite. That is what the Chairman of the Federal Reserve said.
And what Donald Trump has created with these tariffs is a brutal pincer move with American families trapped
in the middle. Trump's tariffs raise costs on one side, and Trump's budget cuts rob people of healthcare, nutrition, and Medicaid on the other and squeezes them in a pincer.
There are smart ways to use tariffs, and there are dumb ways to use tariffs. Donald Trump is using tariffs in the dumbest way possible.
In fact, Trump slapped tariffs on penguins but not on Putin. Yep, that is true. He sanctioned the Heard and McDonald Islands, only inhabited by penguins, but he left Putin's evil Russia alone. That is what happens when you have no clue as to what you are doing.
You fire air traffic controllers and dismantle disease outbreak monitors, sabotage Social Security, the VA, and censor climate data, defund public schools, and now declare a trade war on penguins.
These tariffs are a massive tax hike, pure and simple. JPMorgan, themselves a conservative banking organization, called them equivalent to the largest tax increase since 1998.
Everything is going to go up, my colleagues. This is 10 percent across the board, plus a whole lot of other tariffs; fruits and vegetables at the grocery store, more expensive; clothing and shoes, more expensive; gasoline and new cars, more expensive; electronics, like iPhones and TVs, more expensive. Donald Trump has singlehandedly started a financial forest fire.
Yesterday, the markets reported their worst day since the pandemic. The Dow, S&P, and NASDAQ dropped 4, 5, and 6 percent. Today is getting even worse because, quite naturally, other countries, including China-- and I have no love for China and its policies--well, they put on a retaliatory tariff. We could be going into the greatest trade war in history.
We all know that the Great Depression was caused by a trade war like this when Herbert Hoover slapped on these tariffs and the whole world responded, and the Great Depression, which had started, was greatly worsened.
Donald Trump seems to have never--he doesn't even know history. He hasn't learned history. But we could be on the edge of the greatest trade war the world has ever seen, and who will pay the price? The average American family because not only will prices go up, but the economy will decline. Already, estimates that the recession is more likely than before are upon us. Today's actions by China make a recession even more likely, and the American people suffer all because he wants to give tax breaks to the billionaires.
What bubble do these billionaires, including Donald Trump, live in? How could they not understand how this affects American families? He is imposing these tariffs, raising the costs on American families, an average of about $5,000--the number is probably going to go up after what China did today--all to give tax breaks to billionaires.
The American people are learning this. They are realizing Trump doesn't--he is not on their side. They are realizing that Donald Trump is not keeping any of his campaign promises, such as prices go down on day one. They realize Donald Trump is betraying the working class all for his billionaire friends.
I yield the floor.
Madam President, we have discussed already how this budget has such horrible effects on American families by slashing Medicaid--we did that last night--giving tax cuts to the rich--we did that earlier this morning--and now how the tariffs are such a huge Trump tariff tax on American families.
We continue to show how bad this budget is for American families--in this case, veterans, led by Senator Blumenthal.
Mr. President, Senators have just come to the floor to show how the Republican agenda would be a gut punch to our Nation's veterans and so dangerous to our national security, as the Senator from Colorado so eloquently outlined. I thank them for speaking passionately.
Our next topic that we will be speaking about--each one is so dangerous to America, and each one is Donald Trump betraying America and just totally going back on what he said when he ran the campaign. And now, again, he is with those bubble of billionaires and doesn't care about the middle class and how he is hurting them.
Now Senators will turn to an issue especially alarming to so many people--the deep, deep corruption that Donald Trump and Elon Musk and DOGE have unleashed on their watch. The amazing amount of self-deals as they are trying to enrich themselves on the backs of the government, which mean on the backs of the American people.
One of our great experts in this area who has been talking about this a very long time is Senator Whitehouse.
I yield to him.
Mr. President, for the past 2 days, Democrats have turned the Senate into a tribunal, and Donald Trump's agenda is on trial.
I thank the close to 40 of my colleagues who came to the floor and made so many points about that.
So now, Donald Trump's agenda is on trial. It is time now for Republicans to answer. Tonight, Democrats will bring amendment after amendment to the floor, one right after the other, again and again and again. Our amendments will give Republicans the chance to join us in hitting the kill switch on Donald Trump's tariffs, on DOGE, on the attacks against Social Security and Medicare and Medicaid.
Now, Republicans are in the majority. The choice is theirs. They see what Americans see: Donald Trump's policies are a disaster. DOGE is a horror. Republicans could snuff it out instantly, tonight, if they wanted. Will Republicans join us tonight and stand up to Donald Trump before he craters the economy? Or will Republicans spend all night trying to defend the mess Donald Trump is making? And he made a lot more of it today.
Will Republicans defend Donald Trump's tariff tax--the Trump tariff tax--which would cost families $5,000 a year? Will they defend Elon Musk as he takes a blowtorch to Social Security? Will they defend cutting Medicaid and imperil the healthcare of 70 million Americans, from newborn kids to seniors to rural communities and veterans?
Will Republicans spend all night--all night long--trying to explain to the American people why billionaires deserve a massive tax break, but working people don't deserve basic healthcare?
The choice is theirs. Donald Trump has betrayed the American people. Will Senate Republicans join him in this betrayal?
I yield the floor.
Mr. President, I call up my amendment No. 1884, and ask that it be reported by number.
Mr. President, President Trump's tariff tax is one of the dumbest things he has done as President, and that is saying something.
Markets are plummeting. Six trillion dollars in values gone. The odds of a recession, JPMorgan says is 60 percent. The dumbest most avoidable recession in American history, but the Trump recession is headed our way, and Donald Trump, meanwhile, is golfing.
The families are panicking. Their costs for food and drugs and clothing and cars and gas, $5,000. So my amendment would stop President Trump's tariffs from crushing families financially. It would rescind any tariffs put in place after January 20 that have increased the cost of groceries, medicines, and everyday goods, and it would leave in place tariffs on adversaries like China, Russia, and North Korea.
On behalf of Ms. Klobuchar and myself, we are for this.
And one other thing: How stupid they are the way they did it, to set tariffs to tax penguins but not Putin. Yes. The Heard and McDonald Islands, which only have penguins on them, are taxed. Russia is not.
This is the worst, worst tariff imposition we have ever seen. It is going to create a recession. If you vote for it, it is going to be on your hands.
Do I have any time remaining?
A ``yes'' vote means a recession, folks.
Vote on Amendment No. 1884