Leader Schumer Floor Remarks Slamming Republicans For Increasing The Deficit To Pay For Tax Breaks For Billionaires

Washington, D.C. – Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor to call out Republicans for their “current policy baseline” plans that would get rid of essential programs to pay for tax breaks for billionaires. Below are Senator Schumer’s remarks, which can also be viewed here:

I want to reiterate something I’ve said about Republicans’ plans to cut taxes for billionaires while slashing Medicaid from millions of people.

It sounds as if Senate Republicans will soon go to the Parliamentarian to push their so-called “current policy baseline” gimmick, to hide the true cost of their billionaire tax giveaways.

This is budgetary hocus pocus. Even Chip Roy called it fairy dust.

Republicans can try use whatever baseline, whatever fake math they want. But the American people and markets can see right through it.

Don’t be fooled by this current baseline hocus pocus: it will increase to deficit by $37 trillion over 30 years, and the American people will pay the price in higher interest rates, and America’s standing in the world will go down.

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