WASHINGTON, DC—U.S. Senator Charles E. Schumer released the following statement Thursday in response to Senate Finance Ranking Member Orrin Hatch’s claims that the Republicans’ tax plan would only cost $28 billion more than the Democrats’ plan:

“This is a smokescreen by the Republicans to disguise their plan’s true impact on the deficit. The truth is, if we decouple the tax cuts for those earning above $250k, that means they will be gone for good. Over ten years, that will reduce the deficit by $800 billion compared to what Republicans want to do.”