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Mr. MEUSER. Mr. Speaker, I thank Chairwoman Foxx very much for her leadership.
Mr. Speaker, let's set something straight about tax cuts, so-called, for billionaires. There are fewer than 800 billionaires in the United States of America. We kept taxes low for over 160 million Americans, and the Democrats all voted to increase taxes on 160 million Americans. As a matter of fact, Mr. Speaker, most of those billionaires--over 70 percent--are huge Democratic donors.
During President Trump's first term, we had progrowth policies, a booming economy, and revenues increased. Then the Biden administration accelerated the deficit by those in the administration, by the way, who referred to themselves as the Politburo who were actually running the administration.
Service on the debt alone increased during that time from $400 billion in 2020 to nearly $1 trillion last year. That is why we must rein in irresponsible agencies. They have been taken over by ideologues, Mr. Speaker, doing things that are simply not in the interest of the people of the United States.
USAID has done some good things, but they have also done things that were an enormous waste, totally inappropriate, and, in fact, they lost the trust of the American people. Agencies like this need to be reformed. The American people aren't going to put up with it anymore.
Why is the government still funding public television when most people have hundreds of channels, as has been mentioned, to watch their news or whatever they want to watch? Is it just because it has been around for 50 years? That is not reason enough.
Unless we want to pass along $37 trillion, and climbing, of debt to our children, we have to start spending money on the must-haves, not on the nice-to-haves. These stations are not only nice-to-have to some, they are not-nice-to-have to most, and they are certainly not must- haves.
Mr. Speaker, let's pass this rescissions package. Let's get on our way to having some accountability for the American people and codify President Trump's spending reductions into law.
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