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
Today, the non-partisan Tax Policy Center released their analysis of the GOP tax bill showing 38 million middle-class taxpayers would see a tax increase while the majority of tax cuts benefit the wealthy. As you can imagine, the headlines aren’t pretty:
The new analysis released this afternoon by the nonpartisan Tax Policy Center raises further alarms about the dangers of Republicans’ tax plan.
Another day, another analysis saying the GOP tax scam with add trillions to the national debt.
Another day, another analysis saying the GOP tax scam with add trillions to the national debt.
It seems criticism is coming at the GOP tax bill from all directions these days: the business community, labor, advocates for seniors and Americans with disabilities, higher education institutions, faith based organizations, and even from within the GOP itself.
After getting slammed for releasing a tax bill that increases taxes on middle-class families, you would think Republicans would re-evaluate the bill and make changes to improve its impact on the middle class. Nope. Instead, they’re arguing amongst themselves over whether 80% of the $1.5 trillion tax cut is enough for the wealthiest 1% of Americans.
House Republicans are marking up their bill to cut taxes for the wealthiest Americans while raising taxes on millions of middle-class families and exploding the deficit.
This week, House Republicans are marking up their partisan bill to cut taxes for the wealthiest Americans and corporations, increase taxes on millions of middle class families, and explode the deficit.
Tax Policy Center is out with a new report on the Republican tax bill and here’s all you need to know about the GOP plan to cut taxes for the wealthy and raise taxes on millions of Americans
These are the faces of Americans who will be hurt by the GOP plan to cut taxes on the wealthy at the expense of the middle class.