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Peter Welch: “The tax cut won't have any impact on wealthy people's…”

Featuring: Peter Welch, Democratic | U.S. Senate, Vermont

Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock

Published April 5, 2025 | Video Starts at 07:43

… notice one way or the other at all whether they do or don't get yet another tax cut. They won't know it. It won't affect them. It won't in any … The tax cut won't have any impact on wealthy people's ability to put money aside for their kids' college. … fund so their children and their grandchildren can live with total economic security. It will have no impact on that. (07:43–07:49)

CLAIM

Asserts that the tax cut will not affect wealthy individuals' financial decisions regarding education savings.

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.

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Peter Welch

“Medicaid is health care for 80 to 90 million Americans.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 00:49-00:53
“In Vermont, two out of three of our seniors who are in nursing homes are there only because of Medicaid.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 01:11-01:25
“The tax bill that's being proposed that will lower taxes is going to be paid for in significant part by drastic cuts to the Medicaid budget…”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 03:14-03:32
“In the House version of the reconciliation bill, the Energy and Commerce Committee...was instructed...to come up with about $800 billion in…”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 03:33-03:53
“The tax cut that the majority is proposing, more than half of it, is going to go to billionaires, multimillionaires and to very, very…”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 06:35-06:52
“The bill proposes doing harm to children and folks in nursing homes in your community and mine.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 00:54-01:02
“The proposed bill is a tax cut designed to lower taxes for very wealthy people.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 07:19-07:36
“The bill proposes giving tax cuts to corporations that have had record profits.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 07:19-07:36
“The bill is making a decision to give tax cuts to people who don't need them and haven't asked for them.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 07:19-07:36
“The tax cut won't be invested in childcare that working families need.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 08:01-08:12
“The tax cut won't be invested in family leave for when a spouse or child becomes sick.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 08:11-08:20
“The way we're going to pay for the tax cut is by taking away health care from people who desperately need it.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 08:57-09:04
“The bill proposes taking away health care that families in your community and mine totally depend on.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 08:57-09:04
“Parents of a disabled child rely on Medicaid as their only lifeline to care for that child.”
Senate Discussion on Medicaid Cuts and Tax Reform with Senators Klobuchar and Warnock | Uploaded April 5, 2025 | 09:35-09:45