Despite claims from Republicans in Congress and in the Administration, corporate tax cuts will benefit corporations and the wealthy – not American workers. Corporate executives admit that they will use the massive windfall created by the Republican tax plan for share buybacks and dividend...

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement on Senator Franken: “Sexual harassment is never acceptable and must not be tolerated. “I hope and expect that the Ethics Committee will fully investigate this troubling incident, as they should with any...

Washington, D.C. – Senate and House Democrats today unveiled the latest tenet of their economic agenda, “A Better Deal,” which would ensure  the pensions that American workers have earned over a lifetime of work are safeguarded and protected into the future. The...

NEW POLL: AMERICANS KNOW THE REPUBLICAN TAX PLAN WOULD MAINLY BENEFIT THE WEALTHY – AND SAY IT WOULD NOT REDUCE THEIR TAXES. According to the new Quinnipiac Poll, 61% of middle class voters say the wealthy will benefit the most from the Republican tax plan – not the middle class. Only...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding Richard Cordray’s announcement he will be stepping down as the director of the Consumer Financial Protection Bureau (CFPB): “Richard Cordray was an ideal person to serve as the first...

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement on the new Senate GOP tax bill that would make cuts to the corporate rate permanent while sunsetting many provisions for individuals: "With this new proposal, Republicans have put themselves between a rock and a...

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement regarding the individual mandate repeal as part of the GOP tax bill: “Republicans just can’t help themselves. They’re so determined to provide tax giveaways to the rich that they’re willing...

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement in response to President Trump’s proposal to repeal the individual mandate and cut the top tax bracket even further: “Sooner or later, President Trump’s core supporters will realize that he’s...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement on President Trump’s nomination of Alex Azar to be Health and Human Services Secretary: “This confirmation process will be a referendum on the Trump administration’s repeated efforts to...

Washington, D.C. – U.S. Senator Chuck Schumer released the following statement in response to Chairman Brady's comments on Fox News Sunday in which he said the House would not pass a tax bill that fully eliminates the SALT deduction, as the Senate bill would do: "The House's so-called...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement in response to new analysis showing the Senate Republican tax plan would raise taxes on the middle class: “Now that the plan is written in black and white, it’s clear that middle-class families,...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement in response to President Trump’s remarks on trade earlier today in China: “The president may not blame China, but I do, and so do millions of Americans who voted for him and others who have lost...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding the CBO analysis of repealing the individual health insurance mandate through tax legislation: “This backdoor attempt at sabotaging the health care system would send premiums shooting up and...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding reports that the Senate tax bill will fully eliminate SALT deduction: “It’s becoming crystal clear: Republicans are on a fast track to fully eliminate the SALT deduction. “The...

Washington, D.C. – Since unveiling their tax proposal, Republicans have openly admitted that middle class Americans could see tax hikes rather than tax relief under the GOP tax plan. While the GOP plan gives massive tax breaks to special interests and large corporations, Republicans admit that...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding the recently released Tax Policy Center analysis of the GOP tax plan: “As the years roll on, wealthy taxpayers and corporations reap huge windfalls while middle class taxpayers get stuck with...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding the Institute on Taxation and Economic Policy’s (ITEP) new report indicating the richest Americans will benefit most from the GOP tax plan: “As time marches on, the rich get richer while...

Washington, D.C. – Senate Democratic Leader Chuck Schumer and Senate Finance Committee Ranking Member Ron Wyden released the following statement regarding the Paradise papers and the GOP tax plan: “By failing to close the egregious loopholes outlined in the Paradise papers, the...

Associated Press: GOP Tax Plan May Offer Little Aid For Many In Middle Class. “House Republicans have stressed that the tax plan they unveiled Thursday is tailored to benefit America’s middle class. Just how much it would remains uncertain based on the details that have been provided so...

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding President Trump’s nomination of Jerome Powell to be the next Chairman of the Federal Reserve: “Chair Yellen helped steer our economy with precision, transparency, and remarkable...