[Congressional Record Volume 164, Number 159 (Wednesday, September 26, 2018)]
[House]
[Page H8895]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TARIFF CONSEQUENCES
(Mr. SCHNEIDER asked and was given permission to address the House
for 1 minute and to revise and extend his remarks.)
Mr. SCHNEIDER. Mr. Speaker, I have spoken before about how businesses
in my district, large and small, are suffering under the President's
tariffs that are raising costs and increasing uncertainty.
But the damage of the Trump administration's trade policy goes beyond
the business community. Here is one example. This week, I learned a
public middle school in my district has to dip into its contingency
funds to cover the $2 million in unbudgeted cost increases for its new
addition and remodeling project, caused by President Trump's tariffs.
Let me repeat that. This school or, more precisely, local taxpayers
now face $2 million in additional costs, not for new classrooms, but
rather to cover the extra costs of the President's trade war.
I have also heard from seniors in my district worried about tariffs
accelerating the cost of prescription drugs, including insulin,
antidepressants, MRI machines, artificial joints, and pacemakers, to
name just a few.
Put simply, President Trump's tariffs are not working for the
American people. It is time to instead end the misguided trade war and
enact sensible, enforceable trade policies that support American
workers, American businesses, American intellectual property, and our
environment.
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