[Congressional Record Volume 172, Number 48 (Tuesday, March 17, 2026)]
[House]
[Pages H2537-H2538]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      CONDEMNING WEALTH INEQUALITY

  (Mr. GOLDMAN of New York asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. GOLDMAN of New York. Mr. Speaker, I rise to condemn the 
skyrocketing wealth inequality in this country.
  Over the last couple of decades, the rich have gotten richer while 
working families have been left behind. The very wealthiest of 
Americans pay an average effective tax rate of 3.4 percent. Elon Musk 
pays 3.3 percent. Jeff Bezos pays 1 percent. Yet, wage-earning 
Americans pay nearly 30 percent.
  Put simply, our tax system is rigged. That is why I introduced the 
ROBINHOOD Act, to make these billionaires pay their fair share so that 
we can deliver universal childcare and Medicare for all.
  These billionaires avoid paying taxes because their assets and money 
is in stock. They don't sell their stock. Instead, they take out loans 
against their stock, and they don't pay taxes on their loans.
  Put simply, this bill would tax those loans and would generate nearly 
$30 billion of revenue. This is the right way to tackle our wealth 
inequality and to make the wealthy pay their fair share.

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