Chuck Schumer: “let me just say there is a little hidden dirty secret in the Republican tax bill. It was not in the contract. you will…”

“let me just say there is a little hidden dirty secret in the Republican tax bill. It was not in the contract. you will find none of the Republicans come up and talk about it. But it is the worst part of their whole bill. They repeal the alternative minimum tax for big corporations. We put this provision in 1986 so that the big corporations will have to pay some taxes. The American people burn when they work hard, pay five, six, seven thousand dollars in taxes, and General Electric and Mobil and Phillips Petroleum pay none. Well, for 6 years that has not happened. They have had to pay 25 percent of their income as taxes, and now the Republican majority wants to repeal it. Can you believe it? They are saying to the average American it is okay to go back to the old days when Unocal and Phillips Petroleum and Mobil and Ford and Chrysler paid less taxes than you. Shame on them, shame on them, shame on them.”