Leader Schumer, Along With Senators Wyden, Warren, And Gallego Lead Unified Democratic Caucus In Rejecting Republicans’ Billionaire Tax Scam, And Call For Real Tax Relief For American Families

Washington, D.C. – Today, Senate Democratic Leader Chuck Schumer (D-NY), along with Senate Finance Committee Ranking Member Ron Wyden (D-OR), Senate Banking Committee Ranking Member Elizabeth Warren (D-MA), and Ruben Gallego (D-AZ) led the entire Democratic caucus in urging Republican Leader John Thune (R-SD) and Senate Finance Chairman Mike Crapo (R-ID) to abandon their plan to cut taxes for billionaires and instead work together to help American families.

Today, Senate Democratic Leader Chuck Schumer (D-NY), along with Senators Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Ruben Gallego (D-AZ) led all 47 members of the Senate Democratic caucus in a letter to Leader John Thune (R-SD) and Senate Finance Chairman Mike Crapo (R-ID) calling on the Republican conference to abandon their billionaire tax scam and instead work with Democrats to pass real tax relief for the American people.

“Republicans should abandon their partisan plan to raise costs for working families to pay for tax cuts for the ultra-rich. Instead, we are eager to work on bipartisan legislation to provide tax relief and lower costs for American families without giveaways to the wealthy,” wrote the Senators. “If Republicans continue down the path of slashing taxes for the ultra-wealthy and destroying vital benefits for working families, we will stand opposed to those efforts—and so will the American people.”

President Trump and Senate Republicans’ “Big, Ugly Betrayal” takes away health insurance from 16 million Americans, makes it harder for families to put food on the table, and raises energy costs by more than $160 billion in order to slash taxes for the ultra-rich. The non-partisan Congressional Budget Office found the bill would raise costs for families making less than $75,000, including by more nearly $1,600 for families making less than $40,000 per year. Meanwhile, the average person in the top 0.1% would get a tax cut of nearly $400,000 in 2026. When combined with Trump’s tariff tax, which he has suggested helps pay for the bill, the Republican agenda raises costs on 80 percent of American families, funneling its benefits solely to the most affluent.

Trump promised to lower costs for American families “on day one.” Instead, the Republican agenda raises costs on families while showering benefits on billionaires. Senate Democrats reject this bill and stand ready to work across the aisle to provide real tax relief for the American people.

The full text of the letter can be seen here and below.

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Dear Leader Thune and Chairman Crapo:

Republicans should not increase costs for working families in order to cut taxes for ultra-millionaires, billionaires, and wealthy corporations.

At President Trump’s direction, Congressional Republicans are working to take away health insurance from millions of American families, make it harder for families to put food on the table, and raise energy costs for working Americans to pay for tax giveaways for the rich.

The Senate Democratic Caucus opposes efforts to give the richest Americans a tax break, especially at a time when ordinary Americans are struggling to make ends meet because of this administration’s reckless economic actions.

Republicans should abandon their partisan plan to raise costs for working families to pay for tax cuts for the ultra-rich. Instead, we are eager to work on bipartisan legislation to provide tax relief and lower costs for American families without giveaways to the wealthy.

If Republicans continue down the path of slashing taxes for the ultra-wealthy and destroying vital benefits for working families, we will stand opposed to those efforts—and so will the American people.

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