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tv   Senate Democrats on Tax Provisions of GOP Legislation  CSPAN  June 21, 2025 7:08pm-7:36pm EDT

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including charter communications. >> charter is proud to be recognized as one of the best internet providers and we are just getting started. building 100,000 miles of new infrastructure to reach those who need it most. >> charter communications supports c-span as a public service along with these other television providers, giving you a front row seat to democracy. >> minority leader chuck schumer and other senate democrats held a press conference on their opposition to tax cuts for high income household in the gop spending legislation. they noted the bill cuts access to health care and expressed concerns that it acts as a giant giveaway to billionaires. this is about 25 minutes.
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>> thank you for coming, i'm >> colleagues senators wyden and warren ranking member and senior member of the finance committee here in the middle right? i tried to get on the finance committee in the house for years. we are all happy. as you know, in the last three weeks the first week medicare, medicaid. second week on rising costs for families and lost jobs in america. in the third week we are talking about taxes. but they are all related. we know what they are doing, giving tax cuts to the millionaires head hurting, whether on medicaid, snack, so many other issues including taxes themselves hurting the
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average person and working family. for weeks senate republicans promised they would take their dangerous unpopular house bill and fix its worst provisions. senators went home and told their constituents, this will change, that will change. they said they were listening to their constituents. they live. they ie. now we know the truth. senate now that we've seen senate republicans big beautiful trail, we know what's in it. they didn't fix the house or improve the house bill, they made it far far worse. the senate republican bill is
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simply put "bigger cuts, bigger betrayal. here are five ways, there are many but i thought i would point out five. the senate bill is even worse, more extreme, more destructive, more cruel, than the house version. the medicaid cuts are deeper with more pain, more people are losing their healthcare, and i was originally dollars. the house bill originally was $880 billion at its peak. 16 million americans, maybe more, will lose healthcare. tens of millions more will have their insurance premiums go way up. it's going to hurt a large chunk of america, just about all working-class america, including middle-class america. the republicans in the senate love to talk about protecting medicaid. a whole bunch of them called it a redline. but with this bill it's not a redline it's a dab.
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their plan got healthcare even more than the house bill. democrats are happy to work with republicans to read medicaid of any waste fraud or abuse. but this is in fact, this is repeal and replace by another name. senate bill squeezes hospitals even harder than the house bill it crushes health centers and decimates rural hospitals. the healthcare sector alone would lose close to 1 million jobs. when you add that to the clean energy job loss, you are pointing at a recession. second, the clean energy bill jobs and raises costs.
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the senate clean energy proposal is a head fake. try to seem likely they're making it better but they don't. particularly in the core areas of wind and solar. the senate clean energy cuts are every bit as destructive as the house proposal. it phases out credits for wind and solar within six months. the phase outside death sentence for clean energy. they are going to send electric bills soaring, kill good paying jobs an estimated 850,000 people in the clean energy industry will lose their jobs. despite all the rhetoric from trump and the republicans we are going to surrender u.s. energy independence to china. china will dominate the valley in the cheapest way to bring new electrons on the grid. which is solar. china is going to dominate and
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have american consumers by the neck. the cuts will choke america's energy output as we expand our capacity. ai is going to demand huge amounts of electricity and cost the consumer more as prices go up. why would you cut it off the quickest cheapest way to bring in new power. some of those who say we are for all of the above we don't like democrats being against fossil fuel. fossil fuels gets lots of tax breaks they always have. now they eliminate them for clean energy. gun violence. can you believe that the house provision on gun silence saying they no longer have to go through a background check to use a gun silencer and the only people who use silencers are bad people. average citizens don't like silencers, only that he's going
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shoot and doesn't want to be known. but they made it worse. it's been on the author of the brady law. i know the history. one of the bottom lines for everybody in the past even republicans is that shotguns and rifles should have background checks. they took them away in the senate bill. years of history and compromise. years of saying everyone knew that these guns were too dangerous they took it off. now, if they get their way, silencers as in the house bill they will not need a background check. any criminal can get it. we are contesting this and other provisions of the birdbath and hopefully can when we will see what happens.
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we are contesting it in every way we can because senate are accusing the gun lobbyists over the last bunch of the right-wingers said we didn't get all the cuts we want to. trump is losing in court 95% of the time. some of us have been plaintiff's many of times at other times we work with other groups and, we are waiting in the courts. and all too frequently guess it was siding with us judges trump appointed in his first term. the house bill would've prevented courts from enforcing
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injunctions if plaintiffs didn't put up massive security bonds. the senate not to be outdone makes it worse. if plaintiffs don't put up a massive unaffordable to so many security bond. if you don't have money, you don't get justice. that has never been the american way. the senate republicans are doing trump spitting and trying to protect him by stopping courts from issuing injunctions this is our democracy we are going after it.
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the gun provision and many others we are challenging with the parliamentarian because we don't think it meets the actual criteria. on taxes, where my two colleagues members of the finance committee will elaborate, given all the devastating cuts you have to assume republicans would say, okay, we will lower the national debt. quite the opposite. cdl yesterday said the house passed bill would increase the debt by 3.4 trillion. surging interest rates on every american. that means when you buy a home you buy a car you use a credit card to pay more. because of the tax cuts for billionaires. it's not even considering the senate bill, that was 3.4. it's even more generous than the house and locks the tax breaks and here they are.
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it's a lot of money for anybody. under the so-called class provisions, the wealthiest .1 percent affected an average tax cut of $400,000. what does that mean to your family? fewer benefits, higher costs. we are going to do everything we can with the court of public opinion to show the hypocrisy of what republicans are doing and elaborate on that
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hypocrisy. >> it's horrible to grasp how anybody could look at the horrible health bill, and think that's not enough class warfare. that's apparently what senate republicans think. it's hard to believe that anybody could spend almost $3 trillion on a billfold tax cuts and somehow increase the poverty rate in america. senate republicans found a way to do that too. it's hard to imagine how 53 senators could ignore all the warnings about their agenda kicking off a catastrophic death spiral in higher interest rates which will devastate the
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middle-class. they tune those warnings out too. the more the american people learn about this bill come up the worse they are going to feel about it. that's because there is nothing but bad news in it for them. unless there are corporate executives or somebody who is already fabulously well off. i get the sense that people who spend their time walking around these senate quarters have lost sight of the big picture. this is not a normal debate we are having. where the two sides have different approaches this goes way beyond 2017 when you had merely handouts to the people at the top overshadowing the crimes that were designed to be
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there for working people. this will be the most regressive law in modern times by far. this is trillions and handouts for corporations on the rich, paid for by kicking 16 million americans off their healthcare, taking food out of the mouths of millions of hungry kids and sabotaging clean energy in america. the legislation that came from the finance committee that we all worked on sabotage. republicans don't have any answers for the single working mom who is terrified of losing her medicaid coverage or being unable to feed their kids. they have no answers for the solar manufacturers who are about to be put out of business in america.
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or the thousands of workers whose jobs they are about to eliminate. we asked mr. bessette about the carnage that i have just described. the damage this is going to inflict on the american people that we asked about the new analysis that says that this legislation will cause 51,000 accidental deaths per year. what did he do? he laughed. he refused to engage in a serious way with these questions. by definition, this is class
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warfare. the republican bill is a two-for-one. it cuts access to healthcare for millions of americans, for babies, for people with disabilities. for seniors living in nursing homes. and a giant giveaway to billionaires. republicans get both. they are able to be cruel to the people who need just a little help this bill is
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another effort for the republicans to hanover our nation to the leaders. want to call out three particularly filthy provisions. just tucked down into this bill that illustrate how giving it away to the rich guys and take away from everyone else first is, there's a giant giveaway to the oil industry tucked right into the middle of this bill. the alternative text that says once profits reach $1 billion you got to pay at least 15 percent of the amount over, if this bill goes through that would be true for every corporation in america the oil industry. they are going to get a special get out of paying your taxes free. out of the senate version of the bill. because they don't want to pay taxes and they been out there
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making contributions to the republican party we know how that has been struggling. there is a provision that says that my the one company alone yet $15 billion, that's what the b. $15 billion in order to incentivize them to do research in 2022. 2023 and 2024. some of you might be doing the math and wondering if they have invented a time machine to go back and add to their research the answer is no.
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this bill wants to zero out the consumer financial protection bureau. that might be the biggest giveaway of all. we all remember that little agency that's the one that in about a dozen years managed to uncover more than $20 million in fraud and cheating and got the money returned directly to consumers. where the money come from it came from giant corporations who want the opportunity to cheat american families again. we are here because democrats believe that no baby should lose access to healthcare so
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that jeff bezos can buy a third yacht. we are here because we believe no one with disabilities needs a wheelchair who needs a home health aide should lose that aid and lose that chair so that mark zuckerberg can buy a third island. we are here because democrats believe that no senior should be pushed out of a nursing home so that elon musk can take a rocket ship ride to mars. the budgets are about values, the republicans have made clear, they are willing to throw millions of americans under the bus so they can help out a handful of their billionaire friends and those billionaire corporations. democrats are here to fight
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back. >> so far, this is just from leaving the press are house republicans are vehemently opposed to this. not just new york but a few other states as well. this was passed by the republicans in 2017 it was a dagger aimed at the heart of blue states because blue states, states rights on their own, wanted to put more money to help educate our kids to help provide healthcare. to have a better environment. the right wing hated it, that's why it was aimed at it so i'm against the whole elimination of the deduction period.
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we are going to use that opportunity and hope, may be difficult, but in getting republicans to vote with us on some things they've also they agree with. and show people who we are so there are five basic areas we are looking at.what is medicaid and healthcare the second is higher cost for you and fewer jobs for you. the third will be the taxes the fourth will be the corruption. the rampant corruption in this administration and the fifth will be the deficit. all the deficits unmemorable to the final have a chance to reduce the deficit.
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we have a task force that's doing just that, reaching out to the republican senators. we are reaching outb& i have seven republican congressmen in my state, i've been in every one of their districts talking about this issue. getting a huge response. in many of the rural hospitals they are the largest employer in the county and in most they are the only supplier of healthcare, it infuriates counties and they tend to be republican. >> we lost a big medicaid by earlier by just two vote. josh hawley father voted with us. the leaders said the public as much angrier about medicaid
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today then when we had the recorded vote that we almost won a month or so ago. we are up to this fight every step of the way and we are going to stay at it. >> aha which didn't like the first proposal but now infuriated by this extended proposal. we can't tell you because we don't have all their bills. the biggest bill that deals with the issues that ron elizabeth that i have talked about hasn't even been put down yet. it's hard to tell. the birdbath process is going to take a while. i can't see it finishing up by the end of this week.
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53 is to protect individual rights and protect individuals from scrimmage against it's an awful decision senate democrats if necessary would not hesitate to assert our prerogatives and their ability on this bill. we will not hesitate.
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thank you everybody. ike requested we given all senators classify brief stop thank >> in a nation divided, a rare moment of unity. c-span presents cease-fire. when the shouting stops on the conversation begins in the town were partisan fighting prevails. one table, two leaders, one goal. to find common ground. this fall, cease-fire on the
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