Tags: Donald Trump | Trump Administration | chuck schumer | slams | donald trump | tax plan | wealth fare

Schumer Slams Trump Tax Plan as 'Wealth-Fare'

Image: Schumer Slams Trump Tax Plan as 'Wealth-Fare'
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By    |   Wednesday, 27 September 2017 03:07 PM

Senate Minority Leader Chuck Schumer lashed out at President Donald Trump's tax plan on Wednesday, saying "it's little more than an across-the-board tax cut for America's millionaires and billionaires," The Hill reported.

"It seems that President Trump and Republicans have designed their plan to be cheered in the country clubs and the corporate boardrooms," the New York Democrat said from the Senate floor, adding that it should be called "wealth-fare."

"[The GOP is] going to be in for a rude awakening as the American people are going to rise up against this," Schumer said.

Pointing to several aspects of the proposal, Schumer said that "Each of these proposals would result in a massive windfall for the wealthiest Americans, and provide almost no relief to middle-class taxpayers who need it most," the Washington Examiner reported.

Appearing at a joint press conference with Oregon Sen. Ron Wyden, Schumer specifically criticized the "repeal of the estate tax, which goes exclusively to the rich when you repeal it," The Washington Free Beacon reported.

He also slammed the plan's elimination of state and local deductibility, calling it "a blow to the wallet of millions of middle-class tax payers across the country."

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Senate Minority Leader Chuck Schumer lashed out at President Donald Trump's tax plan on Wednesday, saying "it's little more than an across-the-board tax cut for America's millionaires and billionaires," The Hill reported.
chuck schumer, slams, donald trump, tax plan, wealth fare
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2017-07-27
Wednesday, 27 September 2017 03:07 PM
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