Sunday, November 20, 2016

Schumer lays out where Democrats can work with Trump

Infrastructure, trade and closing the “carried interest” tax loophole are three areas where Democrats can work with President-elect Donald Trump on a legislation, Sen. Chuck Schumer, the incoming Senate minority leader, said Sunday.

Speaking on NBC’s “Meet the Press with Chuck Todd,” Schumer said Democrats will not unilaterally oppose legislation Trump sponsors. But neither will Democrats compromise “for the sake of working with him,” Schumer said

“Surprisingly, on certain issues, candidate Trump voiced very progressive and populist opinions,” Schumer said. “For instance, getting rid of the carried interest loophole, changing our trade laws dramatically, a large infrastructure bill.”

“I hope on the promises he's made to blue collar America on trade, on carried interest, on infrastructure, that he'll stick with them and work with us, even if it means breaking with the Republicans who have always opposed these things,” he said.

But Schumer said Democrats will fight to protect legislation President Barack Obama signed but that Trump has said he wants to dismantle.

“We're not going to repeal or help him repeal Obamacare,” Schumer said. “We are not going to roll back Dodd-Frank,” the 2010 law that imposed financial regulations on Wall Street after the 2008-09 crisis.

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