Tags: chuck schumer | gop tax bill | tax reform

Chuck Schumer Rips Tax Bill: GOP Will 'Rue the Day' It Passes

Chuck Schumer Rips Tax Bill: GOP Will 'Rue the Day' It Passes
Senate Minority Leader Chuck Schumer speaks to reporters on Capitol Hill in Washington, Dec. 13, 2017. (AP Photo/J. Scott Applewhite)

By    |   Friday, 15 December 2017 08:07 PM

Senate Minority Leader Charles Schumer slammed the final version of the Republican tax plan Friday, saying that the GOP will "rue the day" they pass the plan.

"Under this bill, the working class, middle class and upper middle class get skewered, while the rich and wealthy corporations make out like bandits," the New York Democrat said in a statement. "It is just the opposite of what America needs — and Republicans will rue the day they pass this."

GOP leaders released their final version of the party's $1.5 trillion tax plan late Friday — repealing the Obamacare individual mandate, slashing the corporate tax rate to 21 percent and increasing the standard deduction and child tax credits.

On Wednesday, Schumer called for Republicans to delay a vote on the tax plan until after Doug Jones, who won Tuesday's Alabama special Senate election, is seated.

Republicans currently hold a slim 52-48 majority in the chamber.

House Majority Leader Kevin McCarthy of California said Friday that the chamber would vote on the plan Tuesday, with the Senate vote to follow shortly thereafter.

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Senate Minority Leader Charles Schumer slammed the final version of the Republican tax plan Friday, saying that the GOP will "rue the day" they pass the plan.
chuck schumer, gop tax bill, tax reform
177
2017-07-15
Friday, 15 December 2017 08:07 PM
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