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" "In America today, we have more wealth and income inequality than any other major country on Earth and it is worse now than at any other time since the 1920s. Unbelievably, while millions of American workers are forced to work two or three jobs to pay the bills and over half of our people live paycheck to paycheck, the three wealthiest families in our country now own more wealth than the bottom half of Americans – 160 million people.
Bernard Sanders (born September 8, 1941) is an American politician who has served as the junior from Vermont since 2007. The for the state's at-large congressional district from 1991 to 2007, he is the longest-serving independent in U.S. congressional history and a member of the Democratic caucus. Sanders ran unsuccessfully for the 2016 and 2020 Democratic nomination for president.
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During his campaign, Trump said that he would stop the pharmaceutical companies from “getting away with murder.” Well, that didn’t happen. They’re making more money than ever. During the first half of last year there were 96 drug price increases for every price cut. Today, in the United States, we pay by far the highest prices in the world for prescription drugs, while the top ten pharmaceutical companies made $69 billion in profits last year alone. Shockingly, one out of five Americans cannot afford to purchase the prescription drugs their doctors prescribe. That is insane. As president, I will implement legislation I have introduced which would lower prescription drug prices by 50 percent so Americans no longer pay any more for their medicine than the people of other countries. During his campaign, Trump promised he would not cut Medicare, Medicaid and Social Security. But the budget he proposed in March would cut $1.5 trillion from Medicaid, $845 billion from Medicare, and $25 billion from Social Security. As president, at a time when so many seniors and people with disabilities are struggling, I will not cut Social Security. In fact, legislation that I have introduced would expand Social Security benefits while extending its solvency for over 50 years. During his campaign, Trump promised that “the rich will not be gaining at all” under his tax plan. But the reality is that the plan that he helped pass provides 83 percent of the benefits to the top one percent by the end of the decade. Further, as a result of his tax plan, major profitable corporations like Amazon, General Motors, Chevron, IBM and Eli Lilly and dozens of other major corporations paid zero in federal income taxes after making billions in profits. That is a regressive and unfair tax system that must not be allowed to continue. At a time when the very rich are getting much richer and when corporations are enjoying record-breaking profits, I believe that the wealthiest people in this country have got to start paying their fair share of taxes and that we must end the tax havens that exist in places like the Cayman Islands where corporations and the rich stash trillions of dollars to avoid paying their taxes.
This is an unprecedented moment in American history. The Democrats in Congress must move forward boldly, protecting the working families of our country and restoring faith in government. Yes, the future of the country is at stake. And that is why I’m prepared to do everything in my power as Chairman of the Senate Budget Committee to enact a reconciliation bill that reflects the main tenets of President Joe Biden’s transformational agenda, an agenda that millions of Americans want and need in these difficult times. If not now, when?