Tuesday during a press conference on Capitol Hill as the House of Representatives passed the tax bill, Senate Minority Leader Chuck Schumer (D-NY) said Republicans would “rue the day they passed this bill.”

Schumer said, “This tax bill will be an anchor around the ankles of every Republican. If they haven’t learned it yet, they will learn it next November. Republicans will rue the day they passed this bill and Americans will never let them forget it.”

He added, “What has been sold as a job creator and wage booster will, of course, do little of either as companies are already initiating stock buybacks worth hundreds of millions of dollars instead of hiring more workers and raising wages. Ultimately, Republicans have taken what they called a once-in-a-generation opportunity on tax reform and squandered it on corporate welfare and tax cuts for the rich.”

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