January 29, 2020 - Issue: Vol. 166, No. 19 — Daily Edition116th Congress (2019 - 2020) - 2nd Session

[Page H646]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  AMERICA'S DEEP ECONOMIC UNCERTAINTY

  (Ms. SCANLON asked and was given permission to address the House for 
1 minute.)
  Ms. SCANLON. Mr. Speaker, I rise today in support of families in my 
district who are experiencing deep economic uncertainty.
  A report issued late last year highlighted that hardworking families 
in my district, especially those with children, are struggling with 
rising costs and stagnant wages. The report is called ``Underwater'' 
because even as Wall Street rides high, American families are 
struggling to stay afloat. In fact, people and small businesses in my 
district are suffering as a result of this administration's economic 
policies, its trade wars, and corporate giveaways.
  At year end, a typical working family earning $70,000 a year is 
likely to be over $2,000 in debt after paying for childcare, housing, 
and healthcare, and that is before they start saving for college or 
retirement.
  Forty percent of the families in my district make less than that. For 
these families, the American Dream of providing a better life for their 
children slips further from their grasp every day.
  Instead of corporate welfare, our economic policies must support 
working, middle-class families in order to create healthier and more 
prosperous communities for everyone.

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