[Congressional Record Volume 167, Number 188 (Tuesday, October 26, 2021)]
[House]
[Page H5881]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THE NATIONAL ``BIG UGLY''
The SPEAKER pro tempore. The Chair recognizes the gentlewoman from
New York (Ms. Tenney) for 5 minutes.
Ms. TENNEY. Madam Speaker, for the past several months, my colleagues
across the aisle have struggled to advance their budget reconciliation
bill. The reason is simple: It is a disastrous piece of legislation
that the American people simply don't want now that they are starting
to find out what is actually in it.
When I served in Albany, we called these bloated budget bills, and
ones just like this the ``Big Ugly,'' and ugly this is.
I rise today to urge my colleagues to oppose our national ``Big
Ugly,'' which will raise corporation taxes, and that includes small
businesses and family farms, to 26.5 percent, one of the highest rates
in the world, and higher than the Communist Party of China charges
their corporations.
Despite assurances from the administration, low- and middle-income
taxpayers--and that includes, again, our small businesses and family
farms, which are the heart of our communities which drive our economy--
they will bear the brunt of this bill's $2 trillion-plus increase in
taxes.
Meanwhile, elite universities, left-leaning media outlets, and
families earning more than $800,000 per year will receive major tax
benefits or breaks. This bill also allocates billions of dollars to
Green New Deal policies while raising taxes on America's domestic
energy producers.
As we approach winter in upstate New York--and it is cold, trust me--
my constituents are facing some of the highest heating costs in recent
memory. This bill's tax hikes on American energy producers are an
insult to New York families who will be left struggling to pay their
energy bills, especially those who are seniors on fixed incomes.
The point is simple: The Build Back Better plan is an endless list of
progressive priorities that will add trillions of dollars to our
national debt and worsen skyrocketing inflation, which is nothing more
than a tax on the people who can least afford it: people on fixed
incomes, people struggling to make a living.
Dictators from Russia to China, Putin to Xi, are counting on us to
support our national ``Big Ugly,'' the Democrats' Build Back Better
plan, the budget reconciliation plan, that will secure Putin and Xi's
economic and energy dominance for decades to come. This will
irreparably hurt Americans across the board.
I urge my colleagues to vote against this. Come up with a better plan
that actually empowers American businesses, and especially the small
businesses who create most of the jobs and drive our economy, and
again, our family farms which are the tradition and heart of our
communities, especially in upstate New York.
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