Schumer: Fed Decision To Cut Interest Rates Undercuts The Trump-Republican Arguments For GOP Tax Law

July 31, 2019

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement following the Fed’s decision to cut interest rates by a quarter of a point:

“The Fed’s decision to cut interest rates today undercuts the Trump-Republican argument that their tax cut for the biggest corporations and wealthiest few would spur business investment and be a ‘middle-class miracle.’”

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