During remarks on the Senate floor Monday, Senate Minority Leader Chuck Schumer (D-NY) spoke about Republicans' proposed tax breaks.
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NewsTranscript
00:00And that's the third thing I want to talk about.
00:03The Republican billionaire tax breaks.
00:06In less than three months, Donald Trump has unleashed more chaos upon the American people
00:10than any previous president.
00:12His tariffs have hit families with the largest tax hike in half a century.
00:17Elon Musk and Doge are sabotaging Social Security and Medicaid and Medicare from within with
00:22massive layoffs, funding cuts, crashing websites.
00:25The market is having its worst day since the COVID crisis, sending 401Ks reeling.
00:32And what are Republicans in Congress doing?
00:34They're cutting taxes for billionaires and paying for it by cutting Medicaid.
00:40And now the billionaire tax breaks will add $37 trillion to the debt.
00:46Adding $37 trillion to the debt was bad enough without having to take into account President
00:51Trump's tariffs.
00:52But now that these tariffs are making the recession more likely, it would be malpractice
00:57for Republicans to move forward.
01:00The ball is in the House Republicans' court.
01:02They can see for themselves just how fiscally reckless and ill-conceived the Senate bill
01:07is.
01:08They should reject it.
01:09Donald Trump's obeisance or Republicans' obeisance to Donald Trump's increasingly unpopular
01:16agenda will cost them dearly in the future.