Sen. Chuck Schumer (D-NY) held a press briefing on Thursday where he spoke about the Republican budget proposal.
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NewsTranscript
00:00Questions on this subject. Yes.
00:02So are you guys advocating to let the tax rates expire?
00:07And then secondarily, at what point does the parliamentarian question happen?
00:12I mean, because you're talking about how this didn't happen this time.
00:15At what point do you plan on posing that question to the parliamentarian?
00:17Look, the bottom line overall, in answer broadly to your question, is
00:20if you think they had trouble now on the budget resolution,
00:25they're going to have much more trouble on reconciliation.
00:28And one of the places they're going to have much more trouble is on the baseline,
00:33the current policy baseline, because the parliamentarian has far more say there
00:39because that will have to be part of their budget than it would be here
00:44because they didn't put it in their budget. Yes.
00:47So in relation to some of this meat of the forthcoming bill,
00:51Senate Republicans are proposing up to $175 billion in new border security funding.
00:56And what are your thoughts on that sort of security investment?
01:00Look, the bottom line is very simple.
01:01Their overall budget is awful.
01:04And it is huge cuts to Medicaid, to SNAP, to housing, to veterans, up and across the board,
01:14even cuts on Social Security when they indirectly heard it to give tax breaks to billionaires.
01:18And so the bottom line is it's a terrible budget,
01:21and we're going to fight it tooth and nail, the whole thing.
01:25Yes.
01:25So the debt limit does need to be increased probably by August.
01:30If they're not able to pass their bill by then,
01:33is there a chance for the Republicans to come negotiate a deal with you
01:38in return for something that you want, like extending the health subsidies?
01:42We're not going to engage in hypotheticals.
01:45Let's see what they do in this budget.
01:47Okay.
01:49All right.
01:49Thank you, everybody.