Jimmy Panetta: BBB Will Be 'Largest Self-Inflicted Wound To Working Families And To Our Economy'

In remarks on the House floor Thursday, Rep. Jimmy Panetta (D-CA) spoke about the Big Beautiful Bill.

Transcript

00:00California. Distinguished member of the Budget Committee, Mr. Panetta.

00:03Gentleman from California is recognized for 30 seconds.

00:05Mr. Speaker, this partisan tax bill will be our nation's single largest self-inflicted wound

00:11to working families and to our economy. It's the largest unfunded tax break for the wealthiest

00:18families and will lead to the largest number of working families losing health care. What's worse

00:24is that you're fooling yourself to believe it's paid for. Instead, it adds trillions to our

00:29debt that will drag down our economy and our credibility. And rather than negotiating with

00:35Democrats, you're just placating the president. So I'm voting no, Mr. Speaker, on this partisan

00:40bill to stand up to the president and to stand with working families and to stand for the

00:45financial stability of our country and the credibility of this institution. Thank you,

00:50Mr. Speaker. I yield back.

00:51Gentleman from Texas.