-9999
Floor Speech
BREAK IN TRANSCRIPT
Mr. BARRASSO. Madam President, Republicans came to the Senate with a clear mandate. That was 7 months ago. Our job as a majority was to get America back on track. We made that commitment, and we are following through on it. We are keeping that commitment. America is stronger; America is safer; and America is more prosperous than it was 7 months ago. Not since Ronald Reagan reversed the failures of Jimmy Carter have we seen such a dramatic turnaround.
Earlier this month, Republicans passed our comprehensive legislative agenda. President Trump calls it the One Big Beautiful Bill. It is now the law of the land. It delivers to the voters of this country what the voters sent Republicans here to do.
First, Republicans stopped a $4 trillion tax increase--the largest tax increase in American history. Every single Democrat in this Chamber voted to raise taxes by $4 trillion. Had Democrats succeeded, working families would have paid over $1,700 more in taxes just next year. Small businesses would have seen their taxes go up quite a bit. The families of farmers and ranchers would have paid a much higher death tax. On all of these things, Republicans stopped the Democrats. Instead, we delivered a working-class tax cut. We cut taxes on tips, taxes on Social Security, taxes on overtime. No taxes on tips puts about $1,300 back into the pockets of waiters, barbers, and bartenders. No taxes on overtime puts about $1,400 more back into the pockets of nurses, firefighters, and police officers. No taxes on Social Security puts more money into the pockets of seniors through a larger deduction.
Thanks to Senator Katie Britt of Alabama, Republicans modernized tax credits for childcare. It was the first update in 25 years. This helps make daycare more affordable for hard-working moms and dads. Moreover, Republicans expanded child tax credits. Parents receive $2,200 each year for each child. Well, that helps pay for rent, food, and school supplies.
Thanks to Senator Ted Cruz of Texas, Republicans created a $1,000 savings account for every newborn American citizen. Now an American child born today could have tens of thousands of dollars waiting for them when they turn 18. This could be a downpayment on the American dream. If you wish to go to college, to own a home, or to start a business, all of these things are now much more realistic.
BREAK IN TRANSCRIPT
Source