[Congressional Record Volume 171, Number 62 (Monday, April 7, 2025)]
[Senate]
[Page S2451]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                 TAXES

  Mr. SCHUMER. Mr. President, that is the third thing I want to talk 
about, the Republican billionaire tax breaks.
  In less than 3 months, Donald Trump has unleashed more chaos upon the 
American people than any previous President. His tariffs have hit 
families with the largest tax hike in half a century.
  Elon Musk and DOGE are sabotaging Social Security and Medicaid and 
Medicare from within with massive layoffs, funding cuts, and crashing 
websites. The market is having its worst day since the COVID crisis, 
sending 401(k)s reeling.
  And what are Republicans in Congress doing? They are cutting taxes 
for billionaires and paying for it by cutting Medicaid.
  Now the billionaire tax breaks will add $37 trillion to the debt. 
Adding $37 trillion to the debt was bad enough without having to take 
into account President Trump's tariffs. But now that these tariffs are 
making a recession more likely, it would be malpractice--malpractice--
for Republicans to move forward.
  The ball is in the House Republicans' court. They can see for 
themselves just how fiscally reckless and ill-conceived the Senate bill 
is. They should reject it. Republicans' obeisance to Donald Trump's 
increasingly unpopular agenda will cost them dearly in the future.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The bill clerk proceeded to call the roll.
  Mr. THUNE. I ask unanimous consent that the order for the quorum call 
be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.

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