GOP Tax Law
Republican Tax Law Shortchanges Workers & Our Economy
Instead of working with Democrats on bipartisan, comprehensive tax reform, Republicans enacted partisan legislation that neither helps the middle class nor promotes fiscal responsibility. Their tax law provides massive tax breaks to the wealthy and big corporations while raising taxes on everyone else after the first few years. 83% of the benefits of this law go to the wealthy and corporations; only 17% goes to working families. Moreover, the GOP tax law contributes to raising the deficit by more than a trillion dollars every year for the next decade.
Republicans jammed their legislation through Congress without hearings or allowing Americans to provide input about how it shortchanges middle-class families. Now that it has been enacted, everyone can see that it hasn’t dramatically benefited the middle class or small businesses and that it’s bringing further strain to our nation’s finances, which Republicans will use to justify slashing Social Security, Medicare, and Medicaid.
Democrats will continue working to promote the principles of fair, bipartisan tax policies that benefit the middle class and don’t explode the deficit. Furthermore, as Republicans now turn to their plan to gut Social Security, Medicare, and Medicaid in order to offset the deficits their tax law created, Democrats will stand firm in defending these programs so they can benefit Americans today and in the future.
Republicans jammed their legislation through Congress without hearings or allowing Americans to provide input about how it shortchanges middle-class families. Now that it has been enacted, everyone can see that it hasn’t dramatically benefited the middle class or small businesses and that it’s bringing further strain to our nation’s finances, which Republicans will use to justify slashing Social Security, Medicare, and Medicaid.
Democrats will continue working to promote the principles of fair, bipartisan tax policies that benefit the middle class and don’t explode the deficit. Furthermore, as Republicans now turn to their plan to gut Social Security, Medicare, and Medicaid in order to offset the deficits their tax law created, Democrats will stand firm in defending these programs so they can benefit Americans today and in the future.
Related
The American people can see right through Republican rhetoric on the GOP tax scam bill.
In the middle of the night, Senate Republicans passed a bill that is a case study in hypocrisy and broken promises. Contrary to their claims that it would benefit the middle-class, this bill would raise taxes on 82 million middle-class households and kick 13 million Americans off their health care coverage.
Tonight, after making numerous last-minute changes to the bill, Senate Republicans plan to vote on their GOP tax scam bill. We know this bill will raise taxes on millions of middle-class households, add $1.5 trillion dollars to the deficit, and dismantle the Affordable Care Act in order to give tax cuts to the wealthiest Americans and corporations.
America’s health care providers are speaking out against the GOP tax scam bill that will trigger billions of dollars in statutory cuts to Medicare and essential government resources next year. Take a look at their letters to Leader McConnell here:
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.
Someone should let the GOP – you know, the self-proclaimed party of business – know that 1,500 of America’s small businesses oppose their GOP tax scam. See the letter below and click here to see the full list of signatories:
Right now, Senate Republicans are planning to vote on their tax scam today. There’s only one problem: there. is. no. bill.
Republicans have a habit of making promises they can’t keep, and the GOP tax scam is no different. Here’s a look at how four of the promises they made about the proposal fall short, courtesy of NBC News:
We’ve been urging our friends across the aisle to follow regular order and pursue bipartisan tax reform.
You would think that Republicans would’ve learned after their failed TrumpCare vote that rushing a bill to the Floor that their own party hasn’t reached agreement on isn’t going to work out well for them. But here we are.