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Free AccessSchumer And Jeffries Attack Republican Tax Plan
Senate Majority Leader Chuck Schumer (D-NY) and House Leader Hakeem Jeffries (D-NY) have delivered a press conference to "expose" a Republican plan proposed Rep. Buddy Carter (R-GA) to implement a 30% sales tax.
- Schumer: “Everyone thought that [Speaker Kevin] McCarthy [R-CA] would never go along with the MAGA Republicans... and now he is still committed to them. Don't underestimate the power over McCarthy of these extreme MAGA Republicans”
- Schumer: "Until Speaker McCarthy has a plan — and a plan that can pass in the House with his Republican support — he's going to the White House with no cards in his hand."
- Jeffries says Republican calls for "negotiations" are tantamount to "blackmail" and could send the US "spiraling towards recession, if not depression."
- Democrat control of the Senate and White House means Carter's plan has no chance of becoming law but Democrats will use the proposal to highlight what the White House calls an "extreme MAGA agenda."
- This strategy was used with success ahead of the midterms in November when Biden regularly attacked Senator Rick Scott's (R-FL) "12 Point Plan to Rescue America," as emblematic as an extreme GOP agenda.
- Biden is expected to continue the strategy tomorrow when he delivers remarks on the economy in Virginia.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.