Chuck Schumer: Democrats have tax reform all wrong

Sen. Chuck Schumer (D-N.Y.) is the Senate Democrats’ third-in-command, and widely acknowledged as the party’s top political tactician in the Senate. He’s also a bit shocked that his colleagues have, as he sees it, allowed themselves to get snookered into a vision of tax reform that begins with lowering rates. On Tuesday, he gave a speech trying to talk them out of it.We spoke on Friday about his position. A lightly edited transcript of our conversation follows. 

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