Press Releases

NEW VIDEO: Republicans Admit: Middle Class Americans Would See Tax Hike Under GOP Tax Plan

November 7, 2017

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 they aim to do so on the backs of hardworking people. Senate Democrats today said any plan that increases taxes on middle income people in order to give special interests and corporations massive tax more...


Schumer Statement on Tax Policy Center Analysis of GOP Tax Plan

November 6, 2017

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 the bill. It's no wonder Republicans are trying to rush this bill through - the more scrutiny it gets, the worse it looks. "This analysis makes clear that over one quarter of taxpayers will see a tax increase more...


Schumer: New Study Shows as Time Goes on, Middle Class Sees Taxes Go Up, Wealthy Reap Greater Giveaways

November 6, 2017

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 the tax burden on the middle class only gets heavier. "By the time the Republican tax plan takes effect, millions of middle class families will see their taxes go up, while the richest 1% will rake in even more of more...


Schumer & Wyden Statement on Paradise Papers & GOP Tax Proposal

November 6, 2017

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 Republican plan rewards wealthy billionaires like Secretary Wilbur Ross for dodging taxes, while punishing many in the middle class with new tax hikes. If you deduct medical expenses or student loan interest from your more...


The Republican Tax Plan Attacks Key Middle Class Tax Deductions to Give Huge Benefits to the Wealthy and Corporations

November 3, 2017

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 far. What is clear is that many of the benefits for the middle class could dwindle over time, even while companies and wealthy individuals could enjoy lasting tax advantages. … The tax plan's primary more...


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...

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