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House of Representatives

Negative Consequences of President Trump's Tax Cuts

2026-07-14 Issue 114 Showing 1–1 of 1

Official Congressional Record ↗

Steve Cohen

Democrat

“I want to make you scared of the President. I say he is out of control. I say he made a deal to avoid taxes. I say he is scamming you. His war and his ICE agency fail and kill people. I want you to be scared.”

Official Congressional Record

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.

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