Budget

Floor Speech

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Mr. SCHUMER. Mr. President, today, we got the news that the Congressional Budget Office, the CBO, confirms Donald Trump's ``Big Ugly Betrayal'' is going to kick at least 10 million Americans off their health insurance and spike our national debt by another $3.4 trillion. In truth, the number of people who will lose health insurance could be much higher--as many as 16 million when you account for the cuts to ACA and other forms of insurance.

This finalized, independent analysis from the CBO confirms it: Republicans' signature bill is the ultimate--the ultimate--betrayal of the American people. It betrays every single family who will lose health insurance. It betrays our financial future. It is betraying our children and grandchildren, who will pay for these billionaire tax breaks as the debt rises and rises. It betrays every family worried about paying for groceries, the mortgage, the rent, prescription drugs. All are going up because of Donald Trump and his administration. Every price is going up. It betrays every rural community from the benefits of good-paying energy jobs. Republicans' supposed signature bill betrays everyone outside of the billionaire class and the special interests.

Now, Republicans are going to spin the mother of all propaganda jobs to sell this ugly bill to the American people. But today's report reminds us of something: Facts are stubborn, and the facts are clear. The ``Big Ugly Betrayal'' is a loser for the country and a loser for the Republicans.

The Republicans can yak, yak, yak when they go back home. But when people lose their jobs, when people's bills go up, when they are paying more, when they are losing their health insurance, that is reality; and no amount of propaganda, no amount of going home and telling people how great this is will undo the actual damage that will be done to the American people. And we know--we know--that they will realize the Republicans have betrayed them.

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