Thursday, November 13, 2025

Murphy On Meet The Press: GOP Tax Plan Is Greatest Transfer Of Wealth In The History Of The Country

 https://www.youtube.com/watch?v=rhowT6EXxQ0

 May 18, 2025 WASHINGTON

WASHINGTON–U.S. Senator Chris Murphy (D-Conn.) on Sunday joined NBC’s Meet the Press with Kristen Welker to discuss the Trump administration and congressional Republicans’ plan to give the ultra-wealthy a giant tax break paid for by slashing Medicaid and programs millions of Americans rely on, and President Trump’s corruption of U.S. foreign policy.

Follow along using the transcript.

Transcript

>>> WELCOME BACK, JOINING ME
NOW IS DEMOCRATIC SENATOR CHRIS
MURPHY OF CONNECTICUT.
WELCOME BACK TO "MEET THE
PRESS".
THANKS FOR BEING HERE.
YOU JUST READ MY CONVERSATION
WITH THE TREASURY SECRETARY
SCOTT BESSENT, WE WERE TALKING
ABOUT THE PRESIDENTS TAX BILL.
SECRETARY BESSENT ARGUES IT
WILL CREATE HUNDREDS OF
BILLIONS OF DOLLARS IN ECONOMIC
GROWTH.
YOU OBVIOUSLY ARE ONE OF THE
DEMOCRATS WHO OPPOSES THIS
BILL.
ARE DEMOCRATS STANDING IN THE
WAY OF THE ECONOMIC GROWTH THAT
SECRETARY BESSENT WAS JUST
ARGUING?
>> WHAT WE ARE STANDING IN THE
WAY OF THE MOST MASSIVE
TRANSFER OF WEALTH FROM THE
POOR AND THE MIDDLE CLASS TO
THE WEALTHIEST IN THE COUNTRY.
IT'S A DISASTER.
IT WILL KICK OVER 10 MILLION
PEOPLE OFF OF THEIR HEALTHCARE,
MEDICARE COVERS A QUARTER OF
ALL AMERICANS, IN ORDER TO PASS
ALONG A NEW TRILLION DOLLAR TAX
CUT FOR THE RICHEST 1%.
NOBODY IN THIS COUNTRY IS
ASKING FOR THAT.
AND IN ADDITION, IT'S GOING TO
DRAMATICALLY DRIVE UP THE
DEFICIT.
I HEARD THE TREASURY SECRETARY
SAY, WHO CARES ABOUT THE
DOWNGRADING OF OUR CREDIT
RATING FROM MOODY'S, THAT'S A
BIG DEAL.
THAT MEANS WE ARE LIKELY HEADED
FOR A RECESSION.
IT PROBABLY MEANS HIGHER
INTEREST RATES FOR ANYBODY OUT
THERE WHO'S TRYING TO START A
BUSINESS OR TO BUY A HOME.
THESE GUYS ARE RUNNING THE
ECONOMY RECKLESSLY BECAUSE ALL
THEY CARE ABOUT IS THAT HEALTH
OF THE MAR-A-LAGO BILLIONAIRE
CLASS, THEY ONLY CARE ABOUT
THEIR CORPORATE FRIENDS.
THEY ARE GOING TO DESTROY THIS
ECONOMY AND THROUGH MILLIONS OF
PEOPLE OFF OF HEALTHCARE, SO
THEY CAN PASS ALONG A BENEFIT
TO A SMALL HANDFUL OF RICH
AMERICANS.
IT'S DEEPLY UNPOPULAR AND MY
HOPE IS THAT IT WILL PASS, THAT
ENOUGH REPUBLICANS SEE THAT
NOBODY IS ASKING FOR THAT
MASSIVE INVESTMENT IN ONLY A
SMALL HANDFUL OF AMERICANS AND
THEY WILL VOTE AGAINST IT.
>> YOU RAISE THE ISSUE OF
MOODY'S DOWNGRADING THE
NATION'S CREDIT RATING OF
COURSE THEY DO CITE THE DEBT
THAT THE NATION HAS ACCRUED OF
COURSE, OVER DECADES, AND WHY
DIDN'T DEMOCRATS DO MORE TO
ADDRESS THE DEBT WHEN YOU ALL
WERE IN POWER?
>> I THINK IT'S IMPORTANT TO
REMEMBER THAT SOME OF THE MOST
IMPORTANT LEGISLATIVE
ACHIEVEMENTS DURING JOE BIDEN'S
PRESIDENCY WERE DONE IN A WAY
THAT REDUCE THE DEFICIT.
IN FACT THE INFLATION REDUCTION
ACT, WHICH MADE MASSIVE
INVESTMENTS IN RENEWABLE ENERGY
AND PRESCRIPTION COST, WAS DONE
IN A WAY THAT DROVE DOWN THE
DEFICIT.
MOST OF THE DEFICIT WAS ADDED
UNDER JOE BIDEN'S PRESIDENCY,
THAT WAS IN THE EARLY DAYS WHEN
WE WERE STILL RECOVERING FROM
THE PANDEMIC BUT THERE'S NO
DOUBT THAT IT WAS DONALD TRUMP
WHO ADDED MORE TO THE DEFICIT
THAN ANY OTHER PRESIDENT IN THE
COUNTRY AND HE'S ON PACE TO DO
IT FOR A SECOND TIME.
IT WILL GREATER THE ECONOMY AND
IT WON'T HAVE AN IMPACT ON HIS
BILLIONAIRE FRIENDS, HIS MAR-A-
LAGO CROWD WILL COME OUT ALL
RIGHT BUT IT WILL IMPACT THE
REGULAR PEOPLE I REPRESENT IN
CONNECTICUT.
>> BIDEN DID SEE $4 TRILLION
ADDED UNDER HIS ADMINISTRATION.
I LIKE TO TALK ABOUT THE NEWLY
RELEASED TAPES FROM MR. BIDEN'S
2023 INTERVIEW WITH SPECIAL
COUNSEL ROBERT HUR, SHOW HIM
STRUGGLING TO RECALL KEY
MOMENTS INCLUDING THE DATES,
THE DEATH OF HIS SON, BEAU, AS
WELL AS ONE FORMER PRESIDENT
TRUMP WAS ELECTED, TAKE A LOOK.
>> WHAT'S HAPPENED IN THE
MEANTIME IS THAT, AS, AND,
TRUMP GETS ELECTED IN NOVEMBER
OF 2017 --
>> 2016.
>> 2016.
>> SENATOR, IS THIS AUDIO PROOF
THAT PRESIDENT BIDEN SHOULDN'T
HAVE RUN FOR REELECTION?
>> I DON'T KNOW THAT THAT'S A
PARTICULARLY FAIR, BUT
OBVIOUSLY IN RETROSPECT, THE
PRESIDENT SHOULD HAVE GOTTEN
OUT OF THE RACE EARLIER,
THERE'S NO DOUBT THE DEMOCRATIC
PARTY WOULD HAVE BEEN BETTER
SERVED BY HAVING THE ABILITY TO
HAVE AN OPEN PRIMARY, KAMALA
HARRIS PROBABLY WOULD HAVE DONE
VERY WELL IN THE PROCESS BUT IN
RETROSPECT, WE LOST.
SO WE CAN'T DEFEND THE WAY IN
WHICH OUR POLITICS PLAYED OUT.
LISTEN, WHAT I'VE SAID IS, LIKE
ANYBODY WHO REACHES THAT STAGE
IN THEIR LIFE, YOU KNOW, THERE
IS SOME LEVEL OF DIMINISHMENT,
BUT I GOT TO WORK WITH THE
PRESIDENT . CLOSELY IN 2022 AND
2023 AND I SAW A PRESIDENT
PASSING LEGISLATION AND HELPING
THE AMERICAN PEOPLE AT AN
UNPRECEDENTED RATE.
THAT BEING SAID, BY 2024, THE
AMERICAN PEOPLE HAVE DECIDED
THEY WANTED SOMEBODY NEW, THEY
WANTED SOMEBODY YOUNGER AND IT
WAS A MISTAKE FOR DEMOCRATS TO
NOT LISTEN TO THE VOTERS
EARLIER AND SET UP A PROCESS
THAT WOULD HAVE GOTTEN US IN A
POSITION WHERE WE COULD HAVE
BEEN MORE COMPETITIVE THAT
FALL.
>> THE NEW BOOK, ORIGINAL SIN
BY JAKE TAPPER AND ALEX WILSON,
GOES EVEN FURTHER AND DETAILS
WHAT THEY CALLED A COVER-UP,
FROM THE WHITE HOUSE, FROM TOP
AIDES AROUND THE PRESIDENT,
HERE'S A LITTLE BIT OF WHAT
THEY HAVE WRITTEN, QUOTE, ONE
SENIOR WHITE HOUSE AIDE, WHO
LEFT BECAUSE THEY DIDN'T THINK
BIDEN SHOULD RUN AGAIN,
CONFESSED TO US THAT WE
ATTEMPTED TO SHIELD HIM FROM
HIS OWN STAFF, SO MANY PEOPLE
DIDN'T REALIZE THE EXTENT OF
THE DECLINE BEGINNING IN 2023.
DO YOU THINK, SOME TOP
OFFICIALS IN THE BIDEN WHITE
HOUSE COVERED UP THE STATE OF
HIS MENTAL HEALTH AT THE TIME?
>> I HAVEN'T READ THE BOOK AND
I DON'T KNOW WHAT TO SAY ABOUT
THE ALLEGATIONS THEY MADE, BUT
I KNOW THAT I WORKED WITH HIM
THROUGHOUT 20 AND 22 ON THE GUN
BILL WHICH HAS SAVED BY THE
WAY, THOUSANDS OF LIVES, HE WAS
INTIMATELY INVOLVED IN THOSE
NEGOTIATIONS.
I WAS IN THE WHITE HOUSE IN THE
FALL OF 2023 DOING AN HOUR AND
A HALF LONG MEETING ON SOME
REALLY COMPLICATED DEVELOPMENT
OF THE MIDDLE EAST AND I SAW A
PRESIDENT WHO WAS IN CONTROL.
SO THAT'S MY EXPERIENCE BUT I
ADMIT THAT BY 2024, THE
AMERICAN PUBLIC HAVE MADE UP
THEIR MIND THAT THEY WANTED THE
DEMOCRATIC PARTY TO NOMINATE
SOMEBODY NEW, AND IT WAS
ABSOLUTELY A MISTAKE FOR THE
PARTY TO NOT LISTEN TO THOSE
VOTERS.
>> TO BE CLEAR, DO YOU BEAR
RESPONSIBILITY AS WELL?
>> WE ALL BEAR RESPONSIBILITY,
AND I THINK MAYBE WE DIDN'T
LISTEN AS EARLY AS WE SHOULD
HAVE IN PART, BECAUSE WE HAVE
IMMENSE LOYALTY TO THIS MAN WHO
LED THIS COUNTRY OUT OF A
PANDEMIC, WHO HAVE BEEN MAYBE
THE MOST PRODIGIOUS LEGISLATOR
AS A PRESIDENT, THE INFLATION
REDUCTION ACT, THE BIPARTISAN
GUN BILL, AND A GENERATION, BUT
ULTIMATELY, IN RETROSPECT, YOU
CAN'T DEFEND WHAT THE
DEMOCRATIC PARTY DID BECAUSE WE
ARE STUCK WITH A MADMAN WITH A
CORRUPT PRESIDENT IN THE OVAL
OFFICE AND WE SHOULD HAVE GIVEN
OURSELVES A BETTER CHANCE TO
WIN.
>> I ASKED TREASURY SECRETARY
BESSENT ABOUT THE JET THAT
QATAR IS OFFERING TO THE
PRESIDENT OF UNITED STATES.
PRESIDENT TRUMP SAID IT WOULD
BE QUITE, STUPID, NOT TO TAKE
IT.
WHAT IS YOUR RESPONSE?
>> WHY DID HE CHOOSE THESE
THREE COUNTRIES TO GO TO FOR
HIS FIRST MAJOR FOREIGN TRIP?
IT'S NOT BECAUSE THESE ARE OUR
MOST IMPORTANT ALLIES ARE THE
MOST IMPORTANT COUNTRIES IN THE
WORLD, IT'S BECAUSE THESE ARE
THE THREE COUNTRIES WILLING TO
PAY HIM OFF.
EVERY SINGLE ONE OF THEM HAVE
GIVEN TRUMP MONEY, THE PLANE
FROM QATAR, INVESTMENT IN HIS
CRYPTOCURRENCY SCAM FROM THE
UAE AND THEY ARE ASKING HIM FOR
NATIONAL SECURITY CONCESSIONS
IN RETURN.
THIS IS THE DEFINITION OF
CORRUPTION.
FOREIGN GOVERNMENTS PUTTING
MONEY IN THE PRESIDENTS POCKET
AND THE UNITED STATES GIVING
THEM NATIONAL CONCESSIONS THAT
HURT OUR OWN SECURITY BY THE
WAY, THE PLANE IS NOT A GIFT TO
THE AMERICAN PEOPLE AS THE
SECRETARY SAID, IT IS GOING
DIRECTLY TO DONALD TRUMP.
THE LIBRARY WILL TAKE A DECADE
TO BUILD, SO ONCE HE LEAVES THE
WHITE HOUSE, UNTIL THE
LIBRARIES BILLED, HE GETS TO
USE THAT PLANE TO FLY AROUND
ALL OF HIS BILLIONAIRE FRIENDS,
WHILE HIS POLICIES RESULT

 

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