[Congressional Record Volume 171, Number 124 (Monday, July 21, 2025)]
[Senate]
[Page S4494]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                 BUDGET

  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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