Press Releases

Schumer Statement on Tenure of Janet Yellen and Nomination of Jerome Powell for Federal Reserve Chair

November 2, 2017

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 intellect, so it's hard to understand why the administration would elect to make her the first fed chair in decades to not be re-nominated for a second term. In my view, her sure hand, and the steady growth and low inflation more...


Schumer Statement on Reports of Emerging Republican Tax Plan

November 1, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement regarding emerging details of the GOP tax plan ahead of its release: "Every American who is struggling to save for retirement should shudder at these reports. "If true, Republicans will be hiking taxes on middle-class Americans' retirement savings all so that they can line the pockets of the wealthy and biggest corporations. "Republicans also seemed poised to end the deductibility of state income and sales more...


Schumer Responds to President Trump - Urges President to Focus on Real Solution & Rescind Proposed Anti-Terrorism Funding Cuts

November 1, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to President Trump's proposed funding cuts to anti-terrorism efforts: "I have always believed and continue to believe that immigration is good for America. President Trump, instead of politicizing and dividing America, which he always seems to do at times of national tragedy, should be focusing on the real solution - anti-terrorism funding - which he proposed cutting in his most recent more...


Schumer Statement on Act of Terror in New York

October 31, 2017

Washington, D.C. - U.S. Senator Chuck Schumer, following a briefing from FBI officials, released the following statement on today's act of terror in New York City: "First and foremost our thoughts are with the victims and their families. As one of thousands of New Yorkers who regularly rides on the path where this attack took place, I'm particularly grateful to the NYPD and first responders who work day in and day out to keep us safe, and to those that responded to the scene today. "As the more...


Schumer Statement on Chairman Brady’s Plan to End Deductibility of State Income Tax

October 31, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement after House Ways and Means Committee Chairman Kevin Brady said the GOP tax plan will end state income tax deductions: "Chairman Brady is now making clear that the Republican tax plan will double tax the income of millions of Americans. If any American needed more proof this bill would be a boon for the wealthy at the expense of the middle class, they should look no further than this provision. "Republicans more...


Senate Dems Unveil Plan To Expand 401k Retirement Savings Opportunities For Americans – As GOP Sets To Unveil Tax Proposal That Would Harm Millions Of Working Americans, Dems Urge Republicans To Expand Retirement Opportunities For Middle Class

October 31, 2017

Washington, D.C. - U.S. Senate Democratic Leader Charles E. Schumer, U.S. Senator Ron Wyden (D-OR), Ranking Member on the Senate Committee on Finance, U.S. Senator Debbie Stabenow (D-MI), member of the Senate Committee on Finance and Chair of the Senate Democratic Policy and Communications Committee, U.S. Senator Maria Cantwell (D-WA), member of the Senate Committee on Finance, and U.S. Senator Sheldon Whitehouse (D-RI), member of the Senate Committee on the Budget, today unveiled their plan more...


Schumer Statement on Special Counsel Investigation Indictments

October 30, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to the recent indictments of former Trump campaign chairman Paul Manafort and Rick Gates: "These reported indictments show that the special counsel's probe is ongoing in a very serious way. The rule of law is paramount in America and the investigation must be allowed to proceed unimpeded. "The President must not, under any circumstances, interfere with the special counsel's work in any way. If he more...


Schumer Announces Hold on Two Department of Commerce Nominees Over the Trump Administration’s Stalled Action on Steel & Aluminum Imports

October 27, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to the Administration's stalled action on steel and aluminum imports: "President Trump repeatedly promised to champion fair trade policies and crack down on predatory trade practices from countries like China that massively subsidize their steel and aluminum products and hurt American workers. So, many Democrats in Congress and I welcomed the administration's announcement of Section 232 national more...


In New Letter, Senate Dems Demand Administration Kick Into High Gear On-Going Power Restoration Efforts In Puerto Rico & US Virgin Islands – Administration’s Current Lack Of Coordination, Failure To Move Quickly, And Absence Of A Clear Chain Of Command Is Threatening Efforts & Jeopardizing Health And Safety Of Local Communities

October 27, 2017

Washington, DC - U.S. Senate Democrats today released a new letter to administration officials demanding agencies expedite and better coordinate the on-going power restoration efforts in Puerto Rico and the US Virgin Islands. The Democrats said the administration's current lack of coordination with local officials, clearances for crews to begin their restoration work, lack of materials and support services, and a clear chain of command on the ground is threatening recovery and rebuilding more...


Schumer Statement on House Passage of the FY2018 Budget

October 26, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to the House passage of the FY2018 budget: "The Trump Republican budget takes a sledgehammer to Medicare and Medicaid while greasing the skids for a tax bill that would raise taxes on middle class families while giving the wealthy and giant corporations a tax break and blowing a huge hole in the deficit. "The struggle Republicans had in passing the budget shows how uncomfortable many of them are more...


Schumer, Pelosi Urge President Trump To Veto Just-Passed Bill That Provides Legal Immunity To The Most Egregious Corporate Actions Of Big Financial Institutions, At The Expense Of Consumers & The Public

October 25, 2017

Washington, D.C. - In a new letter released today, U.S. Senate Democratic Leader Chuck Schumer (D-NY) and U.S. House Democratic Leader Nancy Pelosi (D-CA) urged President Trump to veto a bill passed by Republicans in the dark of night that strips consumers of critical protections against banks and special interests that have wronged them. Senate and House Republicans voted to support forced arbitration clauses through the repeal of a critical Consumer Financial Protection Bureau (CFPB) rule, more...


Schumer Statement on CFPB Mandatory Arbitration Rule

October 24, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement regarding the CFPB mandatory arbitration rule: "By attacking this rule, Republicans are throwing consumers under the bus all so that companies like Wells Fargo and Equifax won't be punished for their wrongdoing. "Attacking this rule gives a green light to banks and financial firms to cut corners and wrong consumers, knowing that they won't have to pay a real price on the back end. It's one of the clearest more...


Schumer Statement on Senator Jeff Flake’s Retirement

October 24, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement regarding the retirement of Senator Jeff Flake: "He is one of the finest human beings I've met in politics. He is moral, upright, and strong and he will be missed by just about everybody in the more...


Schumer: That President Trump And Republicans Have Even Considered 401k Tax Shows How Backwards Their Plan Is

October 23, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today delivered remarks on the Senate floor underscoring how the GOP tax plan would disproportionately advantage the wealthy over the middle class: "The Republicans are so wedded to their desire to give a massive tax break to big corporations and the super-rich, which will blow up the deficit even in their fake math models, that they're searching for new ways to sock it to the middle classes to make up the difference. First, Republicans debated more...


Schumer Statement Regarding Treasury Report Attacking CFPB’s Forced Arbitration Rule

October 23, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to the U.S. Department of Treasury's report criticizing the Consumer Financial Protection Bureau's (CFPB) rule restricting mandatory arbitration: "With this report, the Trump administration has twisted itself into a pretzel to try to undermine a rule that protects consumers from unscrupulous actors like Equifax and Wells Fargo. For far too long, big businesses have bullied consumers into mandatory more...


Senate Dems: Trump Admin’s Promise To Crack Down On China’s Trade Practices Should Not Take A Back Seat To GOP’s Tax Plan To The Detriment Of U.S. Aluminum And Steel Workers; Dems Urge Commerce Dept. To Complete Steel/Aluminum Investigation & Present Findings To President Before His November Trip To China

October 23, 2017

Washington, DC - In a new letter to President Trump and Department of Commerce Secretary Wilbur Ross, U.S. Senate Democrats today urged the administration to keep its promise to quickly level the playing field for steel and aluminum workers, rather than delaying action in order to prioritize the GOP's tax proposal. In the letter, the Senate Democrats explain that the Trump administration initially began its critical Sec. 232 investigations - which examine how imports could undermine the more...


With Puerto Rico in Crisis, Schumer & Reps Velàzquez, Serrano Demand White House Appoint Emergency ‘Chief Executive Of Response & Recovery’ With Direct Line To President; 80% Of Island Still Has No Power, Ports Are a Mess; Supplies Can’t Get In; Clean Water Lacking; New Position Would Bring All Fed Agencies Together To Turn Lights Back On, Get Clean Water Flowing, Help Millions Recover

October 22, 2017

Amidst continued crisis from the aftermath of Hurricane Maria, U.S. Senator Charles E. Schumer, today, urged the White House to immediately appoint an experienced emergency "CEO of Response & Recovery" to coordinate the federal response in Puerto Rico. Schumer said this individual would have a direct line and access to the President, the Governor of Puerto Rico, all Cabinet Secretaries, members of Congress, and local Puerto Rican officials to help coordinate relief efforts and assist more...


Schumer Responds to Leader McConnell Comments on Murray-Alexander Healthcare Bill

October 22, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement regarding the bipartisan Murray-Alexander healthcare legislation: "The president holds the key to preventing premiums from going up. Now that Leader McConnell has made it clear he will put the Murray-Alexander bill on the floor as soon as the president supports it, the president should say that he does. But even if the president doesn't offer his support, I would respectfully urge Leader McConnell to put it more...


Schumer Statement on FY2017 Budget Deficit

October 20, 2017

Washington, D.C. - U.S. Senator Chuck Schumer released the following statement regarding the impact the GOP budget would have on the national deficit: "With the deficit as large and growing as quickly as it is, Republicans pursuing a reckless plan that would blow a huge hole in the deficit and put Medicare and Medicaid at risk is the height of irresponsibility. Instead, Republicans should work with Democrats on tax reform that is deficit neutral and focused on the middle more...


Schumer Statement on Republican Proposal to Hike Taxes on Americans Saving for Retirement

October 20, 2017

Washington, D.C. - U.S. Senator Chuck Schumer today released the following statement in response to a report indicating the GOP tax proposal may include a cap on the amount of pretax money families can contribute to retirement plans: "Republicans are so determined to cut taxes on the wealthy that they're willing to tax the retirement accounts of millions of middle class Americans. The GOP's total devotion to millionaires and billionaires comes at the expense of every family using a 401k to more...

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