Chuck Schumer has spent one year obstructing Donald Trump.
He’s attempting to destroy his Presidency and drive him from office.
But the Democrat leader just got some very bad news that ruined him for good.
Republicans in Congress reached a deal on a historic tax cut legislation.
This was a top priority for Trump.
Politico reports:
“The agreement includes a 37 percent top tax rate for individuals, Senate Majority Whip John Cornyn (R-Texas) said, lower than either the House or Senate called for earlier. The corporate tax rate would be 21 percent, higher than the 20 percent in each chamber’s separate legislation, and would start in 2018 instead of being delayed until 2019 as the Senate proposed.
“Pass-through” businesses that pay taxes through the individual side of the tax code would get a 20 percent deduction, and businesses would get to immediately write off investments for the next five years. The corporate alternative minimum tax, which business groups had fought hard to get squelched in a final deal, is out, sources said. The AMT for individuals is retained, though fewer people are expected to pay it as the exemption would be raised to $1 million for couples.
The estate tax, long a target for elimination by Republicans, would be kept, Cornyn said, though the exemption would be doubled.
The final legislation would also end Obamacare’s mandate that all Americans have health insurance or face a fine.
The Senate plans to take up the bill first, on Monday, with a final vote by the chamber on Tuesday.”
Republicans have a narrow 52-48 and are pressing ahead to hold the final vote to deliver economic relief to the American people.
But Chuck Schumer is playing politics.
He is demanding the Republicans delay the vote until Doug Jones is seated following his victory in Alabama’s special election.
Today, @SenateDems are calling on Leader McConnell to hit pause on his tax bill, & not hold a final vote on it until Doug Jones is sworn into the Senate.
That’s exactly what Republicans argued when Scott Brown was elected in 2010. https://t.co/UebmqMVwxm
— Chuck Schumer (@SenSchumer) December 13, 2017
In 2010, Leader McConnell said that it would be “gamesmanship” to pursue big-ticket legislation before Scott Brown was seated. We hope he will do as Senator Reid did & honor the wishes of the people of Alabama this year. pic.twitter.com/JNCDwdm8yC
— Chuck Schumer (@SenSchumer) December 13, 2017
Republican leaders are fortunately ignoring Schumer’s partisan hackery.
They know tax cuts will boost the economy and put more money in the American people’s pockets.
Republicans believe this legislation will help boost their chances in next year’s midterms.
And that is bad news for Chuck Schumer.
