00:00Instead of fixing inflation, which he promised to do,
00:04Donald Trump unleashed a wave of tariffs that will make inflation much, much worse.
00:09It is estimated the average American family will pay $5,000 more a year.
00:15It is believed that these tariffs will hurt our economy
00:18and families from one end of America to the other.
00:25Instead of fixing inflation, which he promised to do,
00:29Donald Trump unleashed a wave of tariffs that will make inflation much, much worse.
00:35It is estimated the average American family will pay $5,000 more a year
00:41because of these tariffs.
00:44It is believed that these tariffs will hurt our economy
00:48and families from one end of America to the other.
00:51Here's what the nonpartisan chairman of the Federal Reserve, Jerome Powell, just said.
00:56It will increase inflation and slow growth.
01:00So, I am introducing an amendment to the Senate budget resolution
01:06with Senator Klobuchar and many other Dems
01:09that says that the amendment will create, will make sure
01:15that any tariff put in place after January 20th, 25th
01:21will be rescinded if they have increased the costs of groceries, medicines,
01:26or other secondary goods.
01:28We leave in place the tariffs only on China, Russia, Iran, and North Korea.
01:34So, we have here a pincer of pain.
01:36On the one hand, Trump and the Republicans are taking away vital services
01:42in health care, and in housing, and in food, and in so many other things Americans need.
01:47And then at the same time, with the other side of the pincer,
01:50they're squeezing them by creating higher prices.
01:55It's a bloodbath in the markets again today.
02:00And what you have all over the country now is Americans wincing
02:06as they look at their retirement accounts.
02:09And people are petrified.
02:11We're getting the calls about their jobs, their own personal finances.
02:16So, they're hurting, but the billionaires, on the other hand,
02:21have got an ace in the hole.
02:24And that's their friends in the United States Senate, the Republicans.
02:29So, while the economy is burning, thanks to Donald Trump's reckless tariffs,
02:33the bill the Republicans are scrambling to pass is essentially a bailout
02:38for them and big corporations.
02:41But everybody knows Las Vegas.
02:43Don't you know that's the main revenue generator for our state, tourism and travel?
02:47Tourism and travel.
02:49Do you know what happens when you impose high tariffs, reciprocal tariffs,
02:53on some of our allies like Canada?
02:56That means we're not seeing people traveling, international traveling,
02:59coming to Las Vegas and to this country.
03:02Do you know the United States benefits $12 billion from international travelers?
03:09Over $20 billion annually in 2024.
03:13That's not happening now.
03:14I can tell you, in my state, as I talk to folks in my hotels and casinos
03:20and I talk to individuals who are focused on travel and tourism,
03:24we are not seeing that.
03:25We are seeing a downturn in the types of travel coming to Las Vegas.
Comments