Senate Democrats

Schumer Statement In Response To JCT Report On GOP Tax Plan

WASHINGTON, DCU.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.”