• last year
In remarks on the Senate floor, Majority Leader Chuck Schumer (D-NY) ripped into Senate Republicans over opposition to a new tax package.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript


Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Transcript
00:00Tomorrow, Senators will have a chance to take up a bill that, in one fell swoop, will deliver
00:09significant tax relief for Americans' families, for America's businesses, and Americans suffering
00:14from natural disasters.
00:17All we have to do is come together, both parties, bipartisan, and vote yes to advance the bipartisan
00:23tax package.
00:25Democrats are ready to get this package done.
00:28It already passed the House under the leadership of a Republican Chair of Ways and Means, Congressman
00:35Smith of Missouri, with an incredible margin of 357 to 70.
00:41A majority of both parties voted strongly for this bill.
00:45Frankly, it's hard to imagine a vote more lopsided than that in this Congress.
00:51If we get this bill done, it'll go right to the President's desk.
00:54It'll become law.
00:55That means families and businesses and parents will see more money coming back to them during
01:01this tax season.
01:02More Americans will have a little more money in their pocket.
01:06Half a million kids will be lifted out of poverty by expanding the child tax credit.
01:11Sixteen million kids will also see these benefits.
01:15And most of those kids are working-class, poor kids.
01:20And now that the Senate Democrats and House Democrats and House Republicans are all on
01:24board, we're very close to getting this bill done.
01:33The only ones standing in the way of enacting tax relief right now are Senate Republicans.
01:38Everyone else, even House Republicans, hardly known for their moderation, support this tax
01:45bill.
01:46Respectfully, it is never a good sign to be more obstructionist than House Republicans
01:59on any issue.
02:01But that's precisely where our Senate Republican colleagues find themselves in right now.
02:06At yesterday's Republican weekly lunch, one Senator was passing around pamphlets telling
02:11his colleagues to oppose this bill, to oppose even having a debate.
02:15They're repeating a whole bunch of false talking points about undocumented immigrants
02:19and about discouraging work.
02:22They're trying very hard to justify voting no.
02:26But let's be honest.
02:27There's no great mystery behind Senate Republicans oppose a tax bill many of them help write.
02:33Senate Republicans are looking at the calendar, and they have decided they care more about
02:37results of the election than in passing a law.
02:40They hope that if things go their way, they can get a more conservative package, sometimes
02:44in the future.
02:45And they're willing to walk away from expanding programs like the child tax credit along the
02:50way.
02:51Don't take it from me.
02:53Listen to what my colleague, the senior Senator from Missouri, said yesterday about Republican
02:58leadership.
02:59They're not interested in passing anything, clearly.
03:03They're not interested in passing anything, clearly.
03:07What a shame.
03:08What a shame.
03:10Senate Republicans love to say they care about families, yet it seems like most of them will
03:14block a bill that expands the child tax credit, lifts half a million kids out of poverty,
03:20expands benefits to 16 million children.
03:23Senate Republicans also say they're champions of business, yet it seems like most of them
03:27will block a bill that rewards business, that invests in R&D, help pay for new equipment
03:32which will promote new jobs, new job growth, and new innovation.
03:37I certainly hope I'm wrong, Madam President.
03:40I hope Republicans seize this opportunity and send a tax bill package to the President's
03:46desk, a bipartisan tax relief bill passed by a majority of Senate, of House Democrats
03:53and House Republicans.
03:55If the American people see that the only reason this tax relief bill fails was because Senate
04:00Republicans stood in the way, they're not likely to forget it very soon.

Recommended