NEGATIVE CONSEQUENCES OF PRESIDENT TRUMP'S TAX CUTS

On 2026-07-14, Representative Steve Cohen (D-TN-9) delivered a floor speech titled "NEGATIVE CONSEQUENCES OF PRESIDENT TRUMP'S TAX CUTS" in the House.

NEGATIVE CONSEQUENCES OF PRESIDENT TRUMP'S TAX CUTS

Congressional Record, Volume 172 Issue 114 (Tuesday, July 14, 2026) [Congressional Record Volume 172, Number 114 (Tuesday, July 14, 2026)] [House] [Page H4424] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] NEGATIVE CONSEQUENCES OF PRESIDENT TRUMP'S TAX CUTS (Mr. COHEN asked and was given permission to address the House for 1 minute.) Mr. COHEN. Mr. Speaker, my friend, Mr. Wilson, made some remarks about how everybody benefited from the big, beautiful bill. What he didn't tell you is that President Trump made a deal with himself when he sued the IRS for $1 billion for releasing his tax returns, along with thousands and thousands of other Americans. He settled the case with himself and the man he wants to make Attorney General with a clause, an agreement, that the IRS would not prosecute or even look at his tax returns, his family's tax returns, or any businesses they are involved with. That means that the $2.2 billion they made this year off of crypto and other questionable companies will be tax free. That means he is stealing from you and me, the American public. He doesn't want to spend money on his failed war in Iran or his failure with ICE, who are killing Americans every day. Our country is in trouble. We have a man who is out of control as our President. It scares me tremendously, and it should scare you, as well. The SPEAKER pro tempore. Members are reminded to refrain from engaging in personalities toward the President. ____________________