During Thursday’s press briefing, House Democratic Leader Hakeem Jeffries (D-NY) spoke about the GOP tax bill.
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00:00Thank you, Mr. Leader. You called the Republicans' budget bill a tax scam, and it includes provisions like no tax on tips and overtime, and it also increases the child tax credit. What are your thoughts on provisions like that?
00:15Republicans actually have decreased the child tax credit from the enhanced and expanded child tax credit that was enacted into law as part of the American Rescue Plan.
00:26The reason why the enhanced and expanded tax credit no longer exists is because Republicans killed it, so they can't claim any credit for anything as it relates to the child tax credit in this bill.
00:45Now, we have repeatedly said to our Republican colleagues that there are a wide variety of areas where we can make life better using the tax code for everyday Americans that we as Democrats support, including no taxes on tips, where we have a far more comprehensive bill than the expiring provisions that are in the GOP tax scam.
01:11And that's one of the reasons why the GOP tax scam is such a fraud.
01:17The provisions in the GOP tax scam that benefit billionaires and wealthy corporations are permanent.
01:27And any modest relief that Republicans are providing to everyday Americans expires shortly after it is enacted.
01:40And understand something, that all Republicans are doing with respect to tax rates is to keep the tax rates currently where they are right now.
01:52Now, that's not putting additional dollars in the pockets of most Americans.
01:59So once again, they're over-promising and they're going to under-deliver.
02:04Just like Donald Trump and Republicans did all last year.
02:10The core promise that Donald Trump made to the American people is that I'm going to lower your costs on day one.
02:17Again, that didn't happen.
02:20We're months into the administration.
02:22Costs aren't going down.
02:24They are going up.
02:25The Trump tariffs is actually raising costs by thousands of dollars a year and making life more expensive.
02:32So there's a reason why the GOP tax scam right now is deeply unpopular.
02:36Not a single public opinion survey has been released that shows the one big ugly bill with a favorable approval rating.
02:50Not a single public approval survey.
02:54It's underwater across the board, including, in some instances, with Republican-leaning voters and definitively with independents.
03:04The American people know that Republicans are trying to scam them.
03:10And the more they know, the worse it gets.
03:12This one big ugly bill is the largest tax cut for billionaires in American history.
03:21At the same time that it's the largest cut to health care in American history.
03:29More than 16 million Americans will lose health care as a result of this bill.
03:33Tens of millions more will pay higher premiums, co-pays, and deductibles.
03:40It's the largest cut to nutritional assistance in American history.
03:43More than $300 billion cut from the Supplemental Nutritional Assistance Program.
03:49Meaning Republicans are literally snatching food from the mouths of children, veterans, and seniors.
03:57Why?
03:58To pay for massive tax breaks for their billionaire donors.
04:01The more the American people learn about the one big ugly Republican bill, the more unpopular it becomes.