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.
GOP Tax Law Related
It seems the American people aren’t buying what the GOP is selling.
Attention House Republicans: you might want to think real carefully about your vote on the tax bill, since there’s a good chance that there won’t be a conference report – just like with ACA repeal, it seems pretty likely whatever the Senate passes will just come over here for a vote.
Under pressure from a President who doesn’t understand how Congress works, Senate Republicans are now including in their tax bill a provision to eliminate the Affordable Care Act’s individual mandate.
Mr. Speaker, I was here when Democrats and Republicans came together to enact bipartisan tax reform in 1986. We paid for our tax overhaul and never once asked future generations to foot the bill.
Today’s analysis from the Congressional Budget Office shows the full fiscal impact of the Republican tax bill’s massive deficit increases.
As Republicans prepare to bring their tax bill to the Floor – after not holding any hearings or receiving input from the public – here’s a look at a number of deductions that middle-class families frequently claim that would be eliminated or limited:
On Monday, the non-partisan Tax Policy Center released an updated analysis of the GOP tax bill that passed out of the Ways & Means Committee on a partisan basis.
In agreeing to a bill today that so obviously directs trillions in new and expanded tax breaks for the wealthiest at the expense of the middle class, Ways and Means Republicans have made it clear where their priorities lie.
This week, Republicans in Congress advanced their tax scam bill through the Ways and Means Committee as they attempt to rush it to the House Floor for a vote.
As Republicans move forward with their #GOPTaxScam, wanted to make sure you saw this New York Times piece sharing stories from Americans who claim the medical expense deduction and the below letter from patient groups and health organizations in opposition to the GOP’s plan to eliminate this deduction: