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State of the Economy

Floor Speech

Date: Jan. 28, 2020
Location: Washington, DC
Issues: Economy and Fiscal

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Ms. STEVENS. Madam Speaker, I rise to discuss the impact of our economy on our American workers and on our American manufacturers.

The headlines are real. We are in a technical manufacturing recession, as measured by productivity and output.

As we know, and as it has been stated many times tonight, the Tax Cut and Jobs Act of 2017 was a permanent tax giveaway for the wealthiest corporations, not our suppliers, not our workers, but the wealthiest among us, at the expense of everyday Americans.

We have the benefit of hindsight to point out what many experts at the time cautioned; that this would ultimately not lead to significant job gains or raise workers' wages.

$1.5 trillion added to our deficit. The levels are alarming. The facts are out today.

Madam Speaker, it is clear. We must do better. We must continue to work for the people.

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