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San Francisco News > Blog > Politics > Schiff: Home finances a '$4.5 trillion tax lower measure for very rich folks'
Politics

Schiff: Home finances a '$4.5 trillion tax lower measure for very rich folks'

By Miles Cooper
Politics
March 2, 2025
Schiff: Home finances a '.5 trillion tax lower measure for very rich folks'
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Schiff: Home finances a '$4.5 trillion tax lower measure for very rich folks'

(INSIDE CALIFORNIA POLITICS) — Sen. Adam Schiff (D-Calif.) shared with Inside California Politics what he thinks concerning the newest finances invoice battle, DOGE cuts to the federal workforce and circumstances on funds for L.A. wildfire aid.

Republicans might have management of each chambers of Congress however the newest finances invoice continues to be proving to be a battle, even amongst GOP social gathering members. Schiff stated he thinks the invoice handed by the Home would not profit common Individuals.

“This is a $4.5 trillion tax cut measure for very wealthy people and large corporations funded in significant part by taking a huge whack out of health care, Medicaid in particular,” Schiff stated. “And so I think it’s deeply problematic; I hope it is because it would be devastating for the country. It will explode the deficit and debt.”

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