[Congressional Record Volume 170, Number 94 (Monday, June 3, 2024)]
[Senate]
[Page S3916]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             TRUMP TAX CUTS

  Mr. SCHUMER. Madam President, finally, on the Trump tax cuts, we knew 
from day one that Trump tax cuts stunk to high heaven, and now CBO has 
shown us they are even worse than we thought. Last month, the CBO 
reported that an extension of the 2017 Trump tax cuts would add a 
whopping $4.6 trillion to the deficit.
  Hear that deficit hawks on the other side of the aisle who keep 
complaining that the deficit is getting higher? The Trump tax cuts 
would add a whopping $4.6 trillion to the deficit. That is 50 percent 
higher than original estimates.
  The latest CBO report is a harsh reality check for the self-
proclaimed fiscal hawks on the right who complain about the deficit. 
They complain about spending $50 million to help feed kids, but they 
seem to have no concern about a tax cut that mainly goes to the wealthy 
and big corporations that increases the deficit by $4.6 trillion.
  It is another reminder why, at the end of the day, the Trump tax cuts 
were a dud for the economy and a political loser for the Republican 
Party.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The legislative clerk proceeded to call the roll.
  Mr. DURBIN. Madam President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.

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