06/16/2026 | Press release | Distributed by Public on 06/16/2026 12:50
Washington D.C. - Today, Senate Democratic Leader Chuck Schumer (D-NY) spoke on the Senate floor to implore his Republican colleagues to pass his bill that permanently bans Donald Trump's corrupt, $2 billion slush fund and prevents Trump's IRS sweetheart deal. Leader Schumer warned Senate Republicans that he will force them to reveal who they stand for: Donald Trump or American taxpayers. Below are Senator Schumer's remarks, which can also be viewed here:
Anyone who seriously thinks Trump has any intention of dropping his plans for a MAGA slush fund that would funnel billions of taxpayer dollars to him and his cronies clearly hasn't been paying attention.
Trump hasn't even pretended to promise that he's done with his slush fund and saying instead that the corrupt scheme is "a beautiful thing." That's what Trump said. Republicans said he was going to end it, some of them, and he says, "it's a beautiful thing." Who do you believe? Trump said, "it's a beautiful thing, I love it, I think it's so important." That's what he said about the slush fund. So anyone who thinks Trump is ready to forego it is sadly mistaken, they're not listening to his words, they're not listening to who he is.
The only way to ensure Trump's corrupt, taxpayer-funded slush fund never sees the light of the day is to ban it permanently by law, and also ban Trump's sweetheart tax deal that gives Trump and his family a permission slip to commit tax fraud for a lifetime.
That is why I will force Republicans to answer for Trump's slush fund and IRS sweetheart deal today. I'm going to force the Republicans to answer for this Trump slush fund and the IRS sweetheart deal, by asking to ban it, by law, on the floor.
Senate Republicans have already refused to outlaw the fund, and now they will have to show the country who they stand for once again: American taxpayers or Donald Trump - working families or cop-beating insurrectionists.
It's unbelievable.
Republicans seem to think that a promise from Todd Blanche, who built his career on bending the truth in service to Trump, and a hope and prayer that Trump will suddenly find a conscience are enough to stop the slush fund. Makes no sense.
Republicans won't be able to wash their hands of Trump's effort to defraud the American people at a time when they're struggling to make ends meet as costs skyrocket.
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