Peter Welch: “It's going to give tax cuts to billionaires who don't need…”

“This bill will not help our economy. It'll hurt it and it will explode our deficit. It's going to take money from people who need it and from our institutions that need it. It's going to give tax cuts to billionaires who don't need those tax cuts. And what's really happening now, that's extremely dangerous. It's pushing up interest rates. The bond market is in revolt. That means your credit card bills are higher.” (07:11–07:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.