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Chuck Schumer Warns American Families Will Be 'The Losers' In Republicans' Budget
Forbes Breaking News
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7 months ago
During remarks on the Senate floor Wednesday, Senate Minority Leader Chuck Schumer (D-NY) spoke about the Republicans' proposed budget.
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00:00
So this is a sad, shameful, disappointing day for the U.S. Senate.
00:06
Republicans will come to regret the ill-considered step they take today.
00:11
Mark my words.
00:12
And our country, the health of our children, the health of our communities, and the whole
00:19
country will be worse off because of what Republicans have done.
00:24
Now on reconciliation.
00:26
It's no secret how awful the Republican tax bill is.
00:30
For weeks, we've said their bill shows that billionaires win, American families lose.
00:35
Last night, the nonpartisan CBO proved that to be quite accurate.
00:42
The CBO's nonpartisan analysis shows that this bill would decrease household resources
00:50
by 4% for the bottom 10% of Americans while increasing household resources by 2% for the
00:57
top 10% of the country.
01:01
To be clear, this bill would hurt the most vulnerable Americans.
01:06
And the most benefits would only reach the top wealthiest.
01:11
Trickle down economics if there ever was one.
01:14
This bill hurts American families.
01:16
They're the losers of this bill.
01:18
American families will lose health care, they'll lose food benefits, they'll lose jobs, they'll
01:22
lose money.
01:23
Bottom line, American families lose, billionaires win.
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