[Congressional Record Volume 172, Number 97 (Tuesday, June 9, 2026)]
[House]
[Page H4004]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1210
                  WAGE INCREASES AND CORPORATE PROFITS

  (Mr. MAGAZINER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. MAGAZINER. Mr. Speaker, we continue to have an economy that is 
working great for the very rich but not for the average working person 
in my district or anywhere across the country.
  In the first quarter of this year, average wages rose by 0.8 percent. 
Corporate profits rose by 2.7 percent.
  This is not a sustainable trend. We have two economies in this 
country. You are doing great if you are a billionaire partying at Mar-
a-Lago or a hedge fund manager. But for the average working person, 
this does not work.
  What did this Congress do last year? We passed a $4 trillion tax cut 
for the rich and big corporations. How about instead we spend some of 
that money to make healthcare better for the American people or to make 
education better. How about we focus on lowering costs instead of 
letting big corporations price gouge people.
  This is not working. It is driven by the corruption in this city, and 
it has to stop.

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