Chuck Schumer: “on the tax scam, on Friday, Moody's Ratings downgraded the U.S. Government's credit rating, citing rising fiscal…”

“on the tax scam, on Friday, Moody's Ratings downgraded the U.S. Government's credit rating, citing rising fiscal deficits, soaring interest costs, and fears that Republicans are about to make things worse. You would think Moody's announcement would be a wake-up call to the so-called party of fiscal responsibility to stop their multitrillion-dollar giveaway to the ultrarich. But nope, last night, Republicans cleared another hurdle to pass their billionaire boondoggle, one that adds trillions to the national debt. Republicans have forfeited any credibility when it comes to complaining about government waste. They are now the undisputed kings of reckless spending, and their 'big, beautiful bill' is their crown jewel. Permanently extending these billionaire tax giveaways could add as much as $50 trillion to the national debt in the next 30 years--$50 trillion. No matter what Republicans say, these tax breaks are not going to pay for themselves. The last Trump tax cut certainly didn't. Why will these be any different, particularly given the economic chaos Donald Trump has created with tariffs? Americans have to be wondering: What are we getting in return for this fiscal timebomb? The answer is this: more tax breaks for those at the top. That is it. Those at the bottom, meanwhile, are getting ripped off. A study from Wharton released on Friday found that many Americans making less than $51,000 a year would lose after-tax income under the Republican proposal.”