Concurrent Resolution on the Budget for Fiscal Year 2025

Floor Speech

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Mr. HILL of Arkansas. Mr. Chair, I thank Mr. Arrington for yielding this time.

Mr. Chair, what is irresponsible, to those watching this debate, is the truth about the Biden-Harris policies, that when you combine irresponsible fiscal policy in this Nation over the past 4 years and an irresponsible monetary policy--what is irresponsible, Mr. Chair, is the fact that our families are suffering from inflation, the highest in 40 years. It takes $1.21 for what cost $1 just 4 years ago.

The resolution before us changes the direction. It delivers on President Trump's agenda to put the American people first. This resolution does protect the American people from the largest tax increase in American history.

Let's set the record straight: The top 1 percent are paying more in taxes than they have ever paid in the history of the country. They pay 45 percent of all the taxes in this country, and 50 percent of us are paying the least amount of tax they have ever paid in American history.

This bill goes on to support border security and national defense, which President Trump campaigned on and Republicans campaigned on, and it reins in wasteful spending. It reduces our long-term debt to GDP.

In the Financial Services Committee, we are pleased to follow the direction of the House Budget Committee and deliver on spending reforms by cutting back one of the most wasteful agencies that we have, the Consumer Financial Protection Bureau.

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