Schumer: Republican Tax Plan ‘Socks It to the Middle Class’

Schumer: Republican Tax Plan ‘Socks It to the Middle Class’ (The Washington Free Beacon)

Senate Minority Leader Chuck Schumer (D., N.Y.) on Wednesday held a joint press conference with Sen. Ron Wyden (D., Ore.) to respond to the recently revealed Republican tax plan.

"The president said that he didn't want to give tax breaks to the rich," Schumer said. "Then he should, this afternoon, denounce repeal of the estate tax, which goes exclusively to the rich when you repeal it."

Schumer went on to say that it was an "unpleasant surprise" for the Republicans to "slash" the top tax rate from 39.6 to 35 percent.