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‘One Big Grift’: Chuck Schumer Tears Into House GOP Over The ‘One Big Beautiful Bill’
Forbes Breaking News
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5/20/2025
During Tuesday's Senate Democrats' press briefing, Sen. Chuck Schumer (D-NY) spoke about the proposed budget resolution in the House.
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00:00
okay thank you everybody for being here I want to thank Senator Coons Baldwin
00:06
and Warnock for joining me today so this morning President Trump came to the
00:12
Capitol to push for their one big beautiful bill it's not beautiful it's
00:17
ugly it's nothing short of one big grift on the American people we have some
00:25
quiet please okay she's very nice I like her Trump can meet with House
00:38
Republicans as many times as he likes but it doesn't change the facts this bill
00:44
kills jobs explodes the deficit and overwhelmingly helps the rich their
00:50
plan is simple billionaires win American families lose on jobs Trump and the
00:57
Republicans want to pay for billionaire tax cuts but killing critical clean
01:02
energy projects throughout the country under Trump Chinese government Chinese
01:09
industry is far outpacing the United States on clean energy he's literally
01:14
ceding our leadership to Chinese companies in 10 years from now because clean
01:19
energy is the future it's cheaper and better it's going to hurt our country
01:24
our families our children in so many ways this ideological obsession that the hard
01:31
right led by the oil gas and coal industry have against clean energy is going
01:35
to be very harmful it's going to be one of the worst there are many one of the
01:39
worst things that this administration is doing in history will show it and then of
01:45
course the tax giveaways to the budget proposal that would add 52 trillion
01:49
dollars to the national debt over the next 30 years despite claiming to be the
01:55
party of fiscal responsibility this administration Trump and the Republicans
02:00
would add 50 trillion dollars 50 trillion dollars to the debt this plan
02:07
isn't for all Americans it's not even for most Americans according to a study by
02:11
Wharton under the Republicans plan the top 10 percent of Americans get 65 percent of
02:17
the benefit of the tax breaks and many Americans making less than 51 thousand
02:22
dollars a year would actually see their incomes go down go down and despite
02:29
campaigning on it Trump just this morning completely backed down from his
02:34
promises on state and local tax deduction he came to Long Island he campaigned he
02:39
said he wants to help the policemen and the firemen and the teachers of small
02:44
business folks by getting by making sure that that cap is raised and he just did
02:49
180 degree reversal pulling the rug out from under the New York and New Jersey and
02:55
California Congress members who said that Republican Congress members said they
03:00
needed this let's see if they stand strong they said they're going to do
03:04
everything they can to get that salt cap up let's see where they are it was
03:09
incredible I don't believe let's okay we'll leave it at that it was Donald Trump
03:14
who created the disaster when he put the salt caps in during his first term it's
03:20
like the arsonist promising to put out the fire when he says now he wants to
03:24
change it so Senate Democrats will fight all of these cuts and their utter cruelty of
03:31
this legislation Senator Coons thank you
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7:55
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