WASHINGTON, D.C. – Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast the Republican Budget Rip Off, which guts funding for the Consumer Financial Protection Bureau and key federal programs.
Mr. Speaker, I strongly oppose the Republican Budget Rip Off.
I hear from constituents everyday about the high cost of living. Under the Trump administration, healthcare costs are rising, and putting food on the table is getting harder, as egg prices skyrocket. And, housing remains unaffordable.
Unfortunately, the Republican Rip Off is a slap in the face to working families. Trump, Elon Musk and House Republicans are asking us to support axing Medicaid by $880 billion. Even though food stamps reduce rural poverty, Republicans will cut this program too, by $230 billion.
Republicans are defunding the police, by stripping funding for the Consumer Financial Protection Bureau. CFPB is the only Federal cop on the beat to hold Wall Street banks and Big Tech payment apps accountable when they cheat Americans. It is shameful that while families suffer from high prices, Musk is firing thousands, thousands of Federal workers, and stealing sensitive data about his competitors.
Altogether, this RIP OFF cuts $2 trillion in vital programs. And what do Republicans plan to do with this money? Ohhhh, they’re going to give it to the billionaires in this country. $4.5 trillion! $4.5 trillion in tax cuts! If that math doesn’t compute, it’s because they expect Americans to buy the next mega yacht for Jeff Bezos.
Well, I tell you: we’re not going to do that. And we want to tell you today: we are no. Democrats are no on this budget. It is outrageous that you all have the audacity to come here with this budget that harms so many Americans and ask us to support billionaires and think we’re going to buy it. You think we’re going to support it? Well, you got another thought coming – we ain’t doing it!
