Schumer, Pelosi Moan: 'Republicans Will Rue the Day'

By Susan Jones | December 21, 2017 | 6:04 AM EST

House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer blast passage of the Republican tax bill on Dec. 20, 2017. (Photo: Screen grab/C-SPAN)

( - "There are only two places where America is popping champagne -- the White House and the corporate board rooms, including Trump Tower," Senate Minority Leader Chuck Schumer (D-N.Y.) told a news conference on Wednesday after Republicans passed a tax reform bill.

"Otherwise, Americans have a lot to regret," Schumer said. He also warned that Republicans will "rue the day" they passed this bill:


"To pass a bill of tax cuts and have it be so unpopular with the American people is an amazing achievement for the Republicans -- it's never been done before. To have for the first time, according to a Wall Street Journal poll, Americans prefer Democrats to Republicans on taxes -- it's truly remarkable, great accomplishment, Mitch, great accomplishment, Republicans," Schumer said sarcastically.

"Tax breaks don't lead to job creation," he continued. "They lead to big CEO salaries, and money for the very, very wealthy."

Schumer also said Republicans will "own" the premium increases that result from the repeal of Obamacare individual mandate.

"So as Republicans head to the White House for their backslapping and high fives to celebrate passage of a bill against the will of the American people, we have a simple message for our Republican friends: Republicans will rue the day they pass this bill, and you can bet Democrats will make sure of that.

"We are going to continue to hammer away at why this bill is so unpopular; at why what the Republican rhetoric and the reality is so far apart."

Continuing the class warfare rhetoric, House Minority Leader Nancy Pelosi (D-Calif.) said, while champagne may be flowing in executive suites and at the White House, "Joe Sixpack is paying the price in a very severe way."

(The bill's provisions have not yet taken effect.)

Pelosi said Republicans are "toasting the fact that they raised taxes on 86 million American families, middle-class families."

She continued: "You know, whatever happens, I say it over and over, the poor deficit hawk, it's become -- it's not an endangered species, extinct, because the Republicans only seem to care about the deficit when comes time to invest in people; not when it comes time for giveaways to corporate America and to the wealthiest. That's OK.

"But the sad fact is, investing in people, the education of our children -- nothing brings more to the treasury than investing in early childhood, K-12, higher education, post-grad, lifetime learning for our workers."

In response to questions, Schumer said the Republican tax bill "is going to be an issue for us all year," right up to the midterms.

And what about people who do see higher paychecks next year? a reporter asked. How can Democrats say the tax plan isn't good for them?

"Well, first, a whole lot of people are going to get tax increases," Schumer said. "And second, the average American says even if I get $100 tax decrease why is a wealthy person getting a $50,000 tax decrease? The decrease should go to the middle class and people trying to get there. Not to wealthy people.

"And that's why the bill is so unpopular. They know what this bill is all about. They know they're getting crumbs, if that, while the wealthy are getting big, big pieces of cake. And, that's why it's so unpopular."

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