First House Republicans took our economy hostage over demands for caps and cuts to services for working families―all under the guise of deficit reduction. Now they are rushing to pass a budget-busting package of tax cuts overwhelmingly tilted toward the ultra-wealthy, billion-dollar corporations, and foreign investors.
The tax cuts passed by the House Ways and Means Committee on June 13, and soon headed to the House floor, would cost U.S. taxpayers $1.1 trillion if made permanent—which is Republicans’ ultimate goal. The top two recipients of the new Republican tax package are the ultra-wealthy and foreign investors. The losers are working people and low-income families.
To make matters worse, this is just the first step in the GOP’s longer-term fight to double down on the failed 2017 Trump-GOP Tax Scam. The combined cost of this new Tax Scam 2.0 package plus making all of the expiring parts of the 2017 law permanent could cost over $4 trillion—putting public resources directly into the pockets of the richest families in the country while making public services worse for the rest of us.
Over and over again, Republicans feign concern over our country’s debt only to turn around and pass tax bills that benefit the ultra-wealthy and billion-dollar corporations at the expense of working families.
I urge you to vote NO on the Republican tax package, which, once again, is a handout to the rich and corporations at the expense of investments in our families and communities. Thanks.
