Schumer on tax plan: GOP ‘will rue the day they pass this’

Senate Minority Leader Charles Schumer (D-N.Y.) ripped the GOP’s final tax bill released Friday evening, saying Republicans will “rue the day” they pass the plan.

“Under this bill the working class, middle class and upper middle class get skewered while the rich and wealthy corporations make out like bandits. It is just the opposite of what America needs, and Republicans will rue the day they pass this,” Schumer said in a statement. 

Schumer has opposed the legislation from its inception, and called this week for Republicans to delay a vote on the final version of the bill after Democrat Doug Jones won the Senate special election in Alabama on Tuesday, winning a seat that has been held by Republicans for years.

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Still, Republicans are on track to approve their tax plan next week after getting support from two key holdouts on Friday, Sens. Bob Corker (R-Tenn.) and Marco Rubio (R-Fla.). Republicans have been pushing to pass the bill and get it to President Trump’s desk by Christmas.

Rubio said Friday he would vote for the bill after it was amended to include additional tax credits for families raising children, a provision included in an amendment he co-sponsored that the Senate originally turned down in its negotiations over its version of the bill.

The House is expected to vote on the landmark tax reform early next week, followed shortly after by the Senate vote.