[Congressional Record Volume 171, Number 84 (Monday, May 19, 2025)]
[House]
[Page H2139]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1920
                               BABY BONDS

  (Ms. PRESSLEY asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. PRESSLEY. Mr. Speaker, I rise in support of investing in every 
child's future.
  Six years ago, I joined Senator Booker to introduce baby bonds 
legislation to disrupt the cycle of intergenerational poverty, close 
the racial wealth gap, and ensure every 18-year-old has the financial 
opportunity to go to college, buy a home, or start a business.
  Now, Republicans are stealing a good idea and twisting it. The so-
called MAGA accounts in their reconciliation bill are intentionally 
designed to help the rich get richer while poor children are left 
further and further behind.
  Their proposal would weaponize the tax code to exacerbate wealth 
inequality, ignore the expertise of economists, and penalize States and 
non-profits that try to help low-income families.
  In America, a child born into poverty is likely to stay there through 
their adult lives. That is a policy choice, and a violent one.
  Our babies deserve better. Our babies deserve opportunity.
  Mr. Speaker, I urge my colleagues to reject this regressive proposal 
and support true baby bonds.

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