Hoyer Statement on the Tax Policy Center’s Dynamic Score of the Senate GOP Tax Scam
Press Types
Press Release
For Immediate Release:
December 1, 2017
Contact Info:
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the Tax Policy Center’s dynamic score of the GOP tax scam, which confirms the proposal won’t result in the economic growth promised by Republicans and will increase the deficit by $1.2 trillion dollars:
“Today’s report from the nonpartisan Tax Policy Center is now the second independent analysis in as many days demonstrating that Republican claims that their tax plan would ‘add rocket fuel’ to economic growth are dead flat wrong. Under their analysis, the Senate tax bill, scheduled to receive a vote within hours, would increase deficits by $1.2 trillion over the next ten years after accounting for what limited economic growth the bill itself would provide. Republicans must accept this fact: tax cuts do not pay for themselves. Piling up massive debt to give tax cuts to the very wealthy is wrong. I urge Senators to defeat this bill and stop this partisan effort that would be dangerous for our country.”
“Today’s report from the nonpartisan Tax Policy Center is now the second independent analysis in as many days demonstrating that Republican claims that their tax plan would ‘add rocket fuel’ to economic growth are dead flat wrong. Under their analysis, the Senate tax bill, scheduled to receive a vote within hours, would increase deficits by $1.2 trillion over the next ten years after accounting for what limited economic growth the bill itself would provide. Republicans must accept this fact: tax cuts do not pay for themselves. Piling up massive debt to give tax cuts to the very wealthy is wrong. I urge Senators to defeat this bill and stop this partisan effort that would be dangerous for our country.”