[Congressional Record Volume 164, Number 57 (Tuesday, April 10, 2018)]
[House]
[Pages H3067-H3068]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BUDGET DEFICIT WILL PASS $1 TRILLION WITHIN 2 YEARS
(Mr. KILDEE asked and was given permission to address the House for 1
minute.)
Mr. KILDEE. Mr. Speaker, yesterday, the nonpartisan Congressional
Budget Office, the CBO, released a report highlighting the fact that
the budget deficit will pass $1 trillion within 2 years, thanks in
large part to the massive tax cuts granted to the wealthiest Americans
in the recently adopted Republican tax plan. $1 trillion.
This tax plan is projected to itself add close to $2 trillion to the
deficit over a decade.
This reckless plan jeopardizes our economic recovery by taking away
the
[[Page H3068]]
ability for us to invest in those elements of our communities and
society that will grow the economy. The very thought that we have a
massive deficit in our public infrastructure, and that is nowhere on
the table in the House, roads and bridges crumbling, water systems,
like the water system of my hometown of Flint, failing, and continuing
to pass on massive debt to our children and grandchildren is
irresponsible and it ought to be reversed.
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