[Congressional Record Volume 164, Number 62 (Tuesday, April 17, 2018)]
[House]
[Page H3352]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     TAX BILL BENEFITS THE WEALTHY

  (Mr. KILDEE asked and was given permission to address the House for 1 
minute.)
  Mr. KILDEE. Mr. Speaker, today is tax day, the day that hardworking 
Americans finish preparing their taxes; and it is already clear, 
looking at the new tax bill, that it will overwhelmingly benefit CEOs, 
shareholders, and the wealthiest Americans.
  Since the passage of this Republican tax bill, corporations have 
already funneled $250 billion to CEOs and shareholders through stock 
buybacks, money that is not going to workers. Stock buybacks 
overwhelmingly benefit the wealthiest Americans and corporate 
executives. In fact, the richest 10 percent of American households hold 
84 percent of stocks.
  The CBO just released information showing that this tax bill will 
increase the deficit by $1.9 trillion.
  So let's get this straight. The Federal Government borrows almost $2 
trillion from our children and our grandchildren so that we can funnel 
hundreds of billions of dollars to the wealthiest Americans. Is that 
what we should be doing here?
  I think not.

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