'Our Babies Deserve Better': Ayanna Pressley Slams MAGA Baby Savings Account

In House floor remarks on Monday night, Rep. Ayanna Pressley (D-MA) slammed the proposed "MAGA Baby Savings Accounts."

Transcript

00:01Mr. Speaker, I rise in support of investing in every child's future.

00:06Six years ago, I joined Senator Booker to introduce baby bonds legislation to disrupt

00:10the cycle of intergenerational poverty, close the racial wealth gap, and ensure every 18-year-old

00:15has the financial opportunity to go to college, to buy a home, or to start a business.

00:20Now, Republicans are stealing a good idea and twisting it.

00:23The so-called MAGA accounts and their reconciliation bill are intentionally designed to help the

00:28rich get richer.

00:29While poor children are left further and further behind.

00:32Their proposal would weaponize the tax code to exacerbate wealth inequality, ignore the

00:36expertise of economists, and penalize states and non-profits that try to help low-income

00:41families.

00:42In America, a child born into poverty is likely to stay there through their adult lives.

00:47That is a policy choice, and a violent one.

00:49Our babies deserve better.

00:51Our babies deserve opportunity.

00:52I urge my colleagues to reject this regressive proposal and support true baby bonds.

00:58I yield that.

01:00For what purpose?

01:01Yes.

01:02For what purpose?