Quelling U.S. Financial Markets

Floor Speech

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Ms. KAPTUR. Mr. Speaker, needless chaos on U.S. financial markets must be quelled. Today's continuing historic losses on top of last week's are unprecedented, totalling over $6 trillion. That is trillion. This has never happened before. America's enemies are applauding.

Congress needs to act to rein in this chaos. Trump tariffs of this magnitude equate to new taxes on everything the American people buy or own. Today, the Dow Jones and Standard & Poor's continued their nosedive with the worst 3-day performance in nearly a half a century.

These are not just numbers. They represent people losing wealth they worked for. It is evaporating retirement savings, businesses losing capital, cars not being sold, and rising unemployment that has started in industrial and agricultural America.

Our people produce real products for market, and we know what pink slips are. Too many families are fearing for their financial futures, with senior citizens unable to meet the rising cost of living, including for food and medicine.

Mr. Speaker, Congress must pass legislation to support sustained growth, not destroy wealth. The Trump extreme taxes must be stopped.

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