[Congressional Record Volume 168, Number 60 (Tuesday, April 5, 2022)]
[House]
[Pages H4156-H4157]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 CONGRATULATING VMI'S CLUB BOXING TEAM

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Virginia (Mr. Cline) for 5 minutes.
  Mr. CLINE. Mr. Speaker, I, too, want to express my thanks to the 
gentleman from Michigan for his years of service to this country, to 
this body, and to the great State of Michigan.
  Mr. Speaker, I rise today to honor the Virginia Military Institute 
Club Boxing Team, which recently won the United States Intercollegiate 
Boxing Association National Championships in Atlanta, Georgia. This 
victory marks the program's second national title in seven years, the 
last of which came in 2015.
  Throughout this year's tournament, the team amassed an impressive 20-
8 record, scoring six knockouts, one technical knockout, nine unanimous 
decisions, and four split decisions. Of the 14 cadets competing, 5 won 
individual national championship belts, while another 7 took home 
silver medals. Each of these national champions and runners-up also 
earned All-American individual honors for their stellar performances in 
their respective weight classes.
  The team's coach, Joe Shafer, credited their win to preparation, 
dedication, and hard work. Coach Shafer said, ``We represented the 
Institute with a fighting spirit: honoring VMI's history, upholding the 
passions of our forefathers, and personifying the principles of 
excellence for VMI.''
  The cadets certainly showcased the very best of the Virginia Military 
Institute, and the team should be incredibly proud of their efforts. 
Congratulations again to these national champions. They made the 
Commonwealth proud.


                       America's Economic Crisis

  Mr. CLINE. Mr. Speaker, our Nation is in the midst of an economic 
crisis, yet the Biden administration fails to take action to ease the 
burden on American families.
  When inflation began to soar and hit a 40-year high recently, the 
President's own chief of staff shrugged it off as a ``high-class 
problem,'' insinuating that it was only affecting the wealthy, which we 
know not to be true.
  Instead of offering solutions, this administration offers excuses. 
Perhaps worst of all is the fact that when given the chance to combat 
soaring prices by reining in wasteful spending, President Biden went 
entirely in the opposite direction by proposing a $5.8 trillion budget 
that is more of the same liberal, tax-and-spend policies that have led 
us to this economic crisis in the first place.
  If Biden's budget were adopted, the national debt would reach a new 
record by the end of the decade, growing by over $15 trillion, reaching 
$45 trillion by 2032 or about $350,000 per household.
  Further, not only does his budget proposal include nearly $2.5 
trillion in new or increased taxes, it also increases the corporate tax 
rate to 28 percent, higher than even Communist China. As an American, I 
am offended by that. Every American should be offended by that.
  The Tax Foundation estimated that this increase would kill 159,000 
jobs, shrink the economy by $720 billion, and cut wages for low-income 
workers.
  President Biden's budget will leave the overwhelming majority of 
Americans behind, explode the national debt,

[[Page H4157]]

and cause inflation to skyrocket even higher. Our citizens deserve 
better than what their President is giving them.

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