'They Lied': Chuck Schumer Blasts Senate GOP Over 'Bigger Cuts, Bigger Betrayal' In Senate GOP Budget

Forbes Breaking News

Senate Majority Leader Chuck Schumer (D-NY) ripped into the Senate GOP's version of the One Big, Beautiful Bill Act.

Transcript

00:00All right, and so as you know, in the last three weeks, the first week we focused on Medicare, Medicaid rather,

00:09second week on rising costs for families and lost jobs in America,

00:14and this third week we're talking about taxes, but they're all related, because we all know what they're doing.

00:19They're giving tax cuts to the billionaires and hurting, whether it's on Medicaid, on SNAP,

00:25on so many other issues, including taxes themselves, hurting the average person, the American family, as you can see.

00:34Red, red, red, red, red, red, red, until you get to be rich.

00:38So, and for weeks, Senate Republicans promised they take their dangerous, unpopular House bill and fix its worst provisions.

00:49Senators went home and told their constituents, oh, don't worry, this will change, that'll change.

00:53They said they were listening to their constituents.

00:57They lied.

00:59They lied.

01:00Many of them claimed they would draw red lines on cuts to Medicaid or clean energy or food assistance.

01:07But now we know the truth.

01:11Senate Republicans, but now that we've seen the Senate Republicans' big, beautiful betrayal,

01:16we know what's in it.

01:17They didn't fix the House or improve the House bill.

01:23They made it far, far worse.

01:26The Senate Republican bill is, simply put, bigger cuts, bigger betrayal.

01:33Here are five ways.

01:34There are many, but I thought I'd point out five, and please indulge me a minute.

01:38That the Senate bill is even worse, more extreme, more destructive, more cruel than the House version.

01:44One, the Medicaid cuts are deeper, with more pain, more people losing their health care.

01:51Now it's over a trillion dollars.

01:53The House bill originally was $880 billion at its peak.

01:5816 million Americans, maybe more, will lose health care.

02:01Tens of millions more will have their insurance premiums, health insurance premiums, go way up.

02:08So it's going to hurt a large chunk of America, just about all of working-class America, including middle-class America.

02:19The Republicans in the Senate have loved to talk about protecting Medicaid.

02:23A whole bunch of them called it a red line.

02:26But with this bill, it's not a red line, it's a dare.

02:29Their plan guts health care even more than the House bill.

02:34Democrats are happy to work with Republicans to rid Medicaid of any waste, fraud, or abuse.

02:40But this isn't that.

02:42This is repeal and replace by another name.

02:45The Senate bill squeezes hospitals even harder than the House bill.

02:49It crushes health centers and decimates rural hospitals.

02:54The health care sector alone would lose close to a million jobs.

02:58When you add that to the clean energy job loss, you're pointing at a recession.

03:06Second, the clean energy bill, it kills jobs and raises costs.

03:14Senate Republicans spent weeks promising everybody, including their governors,

03:19including the companies and unions and others who are working in all of this new clean energy

03:25manufacturing, that they would change the House bill.

03:30Instead, the Senate clean energy proposal is a head fake.

03:36They try to make it seem like they're making it better, but they don't,

03:40particularly in the core areas of wind and solar.

03:45The Senate clean energy bill cuts are every bit as destructive as the House proposal.

03:53It phases out credits for wind and solar within six months.

03:57These phase-outs are a death sentence for clean energy.

04:00They're going to send electric bills soaring, kill good-paying jobs.

04:05An estimated 850,000 people in the clean energy industry will lose their jobs.

04:10And despite all the rhetoric from Trump and the Republicans, we're going to surrender

04:16U.S. energy independence to China.

04:18China will dominate, particularly in the fastest, cheapest way to bring new electrons onto the grid,

04:24which is solar.

04:26China's going to dominate and have American consumers by the neck.

04:30The cuts will choke America's energy output right as we need to expand our capacity.

04:39AI is going to demand huge amounts of electricity.

04:42It's going to cost the consumer more as prices go up.

04:45Why the hell would you cut off the quickest, cheapest way to bring in new power?

04:50And some of those who say on The Republic, well, for all of the above, we don't like the Democrats

04:56being against fossil fuels.

04:57Well, fossil fuels get lots of tax breaks.

05:00They always have.

05:02Now they're eliminating them just for clean energy.

05:06Three, gun violence.

05:07Now, can you believe this?

05:09That horrible House provision on gun silencers, saying you no longer had to go through a background

05:15check to use a gun silencer, and only, the only people who use silencers are bad people.

05:21Cops don't like silencers.

05:23Average citizens don't like silencers.

05:25Only somebody who's going to shoot and doesn't want it to be known they're shooting.

05:29But they made it worse.

05:32It's been, I'm the author of the Brady Law.

05:35I'm the author of the assault weapons ban.

05:37I know the history.

05:39And one of the bottom lines for everybody in the past, even Republicans, is that shotguns

05:47and rifles should have background checks.

05:52Guess what?

05:53They took them away in the Senate bill.

05:56Years of history and compromise.

06:00Years of saying everyone knew that these guns were too dangerous, they took it off.

06:06Now, if they get their way, silencers, as in the House bill, and shotguns and rifles added

06:15in the Senate bill will not lead a background check.

06:17Anyone, any criminal, can get them.

06:20Now, we are contesting this and other provisions in the birdbath.

06:25We're hopeful we can win.

06:27We'll see what happens.

06:29But we are contesting it in every way we can, because Senate Republicans are choosing the

06:34gun lobby over the lives of our kids.

06:36Because I don't know what happened, I can surmise.

06:38A bunch of the right-wingers said, we didn't get all the cuts we wanted.

06:42So they said, we'll give you this.

06:44Who knows?

06:45Fourth, attacking our courts.

06:48Speaking of fighting against a radical plan by the Senate Republicans, look at what they're

06:52doing to the courts.

06:54Now, you might be confused.

06:55You say, this is a tax bill.

06:57Why are Republicans trying to push something on the courts?

07:00Well, do the math.

07:01Trump is losing in court over 95% of the time.

07:06Some of us have been plaintiffs in suits.

07:09Many other times we've worked with other groups and we were amici.

07:14Or just help them.

07:16We're winning in the courts.

07:17And, you know, all too frequently, guess who's siding with us?

07:21Judges Trump appointed in his first term.

07:26The House bill would have prevented courts from enforcing injunctions if plaintiffs didn't

07:31put up massive security bonds.

07:34The Senate, not to be outdone, makes it worse, preventing courts from even issuing injunctions

07:41against the federal government in the first place if plaintiffs don't put up a massive,

07:48unaffordable to so many, security bond.

07:50So they're trying to make the justice system pay to play.

07:55Pay to play for our sacred, respected, until now, relatively following the law.

08:04Not always, unfortunately, particularly with this new Supreme Court.

08:08But they're changing it.

08:09If you don't have money, you don't get justice.

08:13That's never been the American way.

08:15They're doing – Senate Republicans are doing Trump's bidding, and they're trying

08:20to protect him by stopping courts from issuing injunctions.

08:24This is our democracy.

08:25We're going after it.

08:27We're not going down without a fight.

08:28This and many other provisions, the gun provision and many others, we are challenging with the

08:33parliamentarian because we don't think it meets the actual criteria for that.

08:38And finally, on taxes, where my two colleagues, members of the Finance Committee, will elaborate.

08:44But given all these devastating cuts, you'd have to assume the Republicans would say,

08:52okay, we'll lower the national debt.

08:55Nope, quite the opposite.

08:57CBO yesterday said that the House-passed bill would increase the debt by $3.4 trillion,

09:04surging interest rates on every American.

09:06That means when you buy a home, you buy a car, you use a credit card, you're going to pay more

09:10because of the tax cuts for billionaires.

09:16Now, it's not even considering the Senate bill.

09:19That was $3.4 trillion.

09:21It's even more generous than the House and locks these tax breaks, and here they are.

09:28Look at the very top 10 percent.

09:31Get a nice increase in their income.

09:35Look at the others.

09:38Poorest people lose $2,500.

09:40That's a lot of money for anybody, but if you're poor, it's devastating.

09:45Under the so-called middle-class provisions, the wealthiest 0.1 percent get an average tax

09:52cut of $400,000.

09:54What does it mean to your family?

09:57Fewer benefits, higher costs.

09:59We're going to do everything we can with the court of public opinion and in the Voterama

10:09process to show the hypocrisy of what the Republicans are doing, and to elaborate on

10:13that hypocrisy, we have Ron Leiden.

10:17We're going to do everything we can with you.

10:20First of all, we're going to do everything we have.

10:20We do everything we can with affiliation.

10:21We're going to do everything we have.

10:22Hold on a second.

10:25I have aown on it.

10:26...

10:26The value cap is 9 percent.

10:27We're going to do everything we have.

10:30So, we just give a bet.

10:30I'll show you in just a few weeks.

10:31Let me go ahead of my car who sits down here.

10:33We don't want to know.

10:34I'm already standing there.

10:35The Müell intro level is 6 percent.

10:41I'll show you.

10:42I'm sorry, everyone, guys.

10:43A casual system, somebody's going to be the same.

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