Chuck Schumer: “on taxes, later today, the House will likely vote on whether to pass the budget resolution that recently passed the…”

“on taxes, later today, the House will likely vote on whether to pass the budget resolution that recently passed the Senate. My colleagues in the House should be aware that this budget will explode the deficit by $1.5 trillion. That is under the best of circumstances. That is under circumstances where they find $4 trillion of pay-fors. That is probably unlikely. It will slash Medicare and Medicaid by $1.5 trillion, and it will set up the same awful partisan process that caused the Republican effort on repeal and replace to fail, because when you try to do it with one party, it is fraught with peril. If you do it in a bipartisan way, a few people on either side will try to pull the bill off course but they will not succeed because they don't have the votes. I remind my friends in the House who purport to be deficit hawks: You are voting for a budget that will increase the deficit by $1.5 trillion. Many of these House Members, particularly in the conservative wing of the caucus, particularly those in the Freedom Caucus, have spent their entire careers on the barricades, railing against the evils of deficits. What a stunning hypocrisy it would be to abandon those principles today and vote for this budget simply because it gives tax cuts to the wealthiest of Americans and the most powerful, largest of our corporations.…”