Leader Schumer Floor Remarks On His Amendment To Rescind The Trump Tariffs If They Cause Prices To Rise
Washington, D.C. – Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor during the vote-a-rama on his amendment to the Senate Republican’s budget resolution, which would reverse Trump’s tariff tax if they cause an increase in costs of groceries, medicines, and everyday goods. Below are Senator Schumer’s remarks, which can also be viewed here:
President Trump’s tariff tax is one of the dumbest things he has ever done as president, and that’s saying something.
Markets are plummeting. Six trillion dollars in values gone.
The odds of a recession are rising. JP Morgan says the dumbest, most avoidable recession in American history.
But the Trump recession is headed our way, and Donald Trump, meanwhile, is golfing.
Families are panicking about their costs for food and drugs and clothing and cars and gas going up by $5,000 a year.
So, my amendment would stop President Trump’s tariffs from crushing families financially. It would rescind any tariffs put in place after January 20th that have increased the costs of groceries, medicines, and everyday goods.
And it would leave in place tariffs on adversaries like China, Russia, and North Korea.
On behalf of Senator Klobuchar and myself, we’re for this.
And one other thing about how stupid they are the way they did it: the Trump tariffs tax penguins, but not Putin. Yes – the Heard and McDonald Islands, which only have penguins on them, are taxed but Russia is not.
This is the worst tariff imposition we have ever seen. It will create a recession. If you vote against it, it will be on your hands.
###