Schumer Statement on New Senate GOP Tax Bill

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement on the new Senate GOP tax bill that would make cuts to the corporate rate permanent while sunsetting many provisions for individuals:

"With this new proposal, Republicans have put themselves between a rock and a hard place: dramatic tax increases on the middle class or a huge hole in the deficit.

"Either tens of millions of taxpayers will pay significantly more the longer this plan is in effect, or a future Congress will extend the tax breaks, making the deficit hole they create massively deeper.

“Our Republican colleagues, particularly the deficit hawks, can't have it both ways."