Chuck Schumer Warns American Families Will Be 'The Losers' In Republicans' Budget

During remarks on the Senate floor Wednesday, Senate Minority Leader Chuck Schumer (D-NY) spoke about the Republicans' proposed budget.

Transcript

00:00So this is a sad, shameful, disappointing day for the U.S. Senate.

00:06Republicans will come to regret the ill-considered step they take today.

00:11Mark my words.

00:12And our country, the health of our children, the health of our communities, and the whole

00:19country will be worse off because of what Republicans have done.

00:24Now on reconciliation.

00:26It's no secret how awful the Republican tax bill is.

00:30For weeks, we've said their bill shows that billionaires win, American families lose.

00:35Last night, the nonpartisan CBO proved that to be quite accurate.

00:42The CBO's nonpartisan analysis shows that this bill would decrease household resources

00:50by 4% for the bottom 10% of Americans while increasing household resources by 2% for the

00:57top 10% of the country.

01:01To be clear, this bill would hurt the most vulnerable Americans.

01:06And the most benefits would only reach the top wealthiest.

01:11Trickle down economics if there ever was one.

01:14This bill hurts American families.

01:16They're the losers of this bill.

01:18American families will lose health care, they'll lose food benefits, they'll lose jobs, they'll

01:22lose money.

01:23Bottom line, American families lose, billionaires win.