Chuck Schumer: “The bottom line is very simple: The tax cuts for the wealthy did not work. The tax cuts for the wealthy did not work.…”

“The bottom line is very simple: The tax cuts for the wealthy did not work. The tax cuts for the wealthy did not work. They may have their ideological reasons to give them, but I would rather see that money go not only for unemployment insurance--and I will talk later about this-- but also for the HIRE Act, which gives breaks to businesses, where they do not have to pay the payroll tax if they hire someone who is unemployed; for energy tax credits, which my colleague from New Mexico will talk about; and for all kinds of different activities that have been proven to work. I know my colleague from New Mexico is waiting, but I will once more read the headline from Newsweek, an article by Ben Adler, ``Republicans Hold Senate Ransom for Rich Tax Cut.'' How do you like that, America?”