Wyden op-ed on GOP tax bill
Good morning - ICYMI, Ranking Member Wyden authored an op-ed today on the Republican tax bill. Read the full piece on THINK,
Sen.
In an economy dependent on consumer spending, a middle class tax hike won't help. You can't spend what you don't have.
Dec.19.2017
If the Republican tax bill is truly an attempt to solve the biggest economic challenge that policy makers face today -- guaranteeing that working people benefit from a growing economy -- it's bound to be an utter failure.
Our economy is hugely dependent on consumer spending, and middle class consumers across the country are already walking an economic tightrope. You can't spend what you don't have.
The final bill is little more than a stocking overflowing with goodies for multinational corporations at the expense of the middle class. It writes benefits for hard-working Americans in disappearing ink while the breaks for powerful corporations are etched in stone. Corporations will still get to fully deduct their state and local taxes, but individuals and families are limited with an insufficient, paltry cap. It lowers taxes on the top one percent, even though the president declared to the nation that his tax plan would not give any breaks to the wealthy, and it creates huge loopholes for well-heeled lawyers and crafty accountants to abuse. Worst of all, it's all paid for by digging into the pockets of the middle class and future generations of Americans.
The final Republican tax bill is little more than a stocking overflowing with goodies for multinational corporations at the expense of the middle class.
The millions of middle class Americans who face a tax hike directly as a result of this bill will only be its first victims. Next will be the 13 million Americans who will become uninsured and millions more who will see premiums increase with
Republican deficit hawks who flew away when their
The American people have seen this before: The first big legislative push after the Bush tax cuts was an attack on
The millions of middle class Americans who face a tax hike directly as a result of this bill will only be its first victims.
If the tax bill does pass this week, these disastrous policies will be set in motion on the first of the year. The ink of the president's signature will barely be dry before the fortunate few and multinational corporations are showered with tax breaks. Families will then be hit with a tax bill due on
This bill was the product of a rushed, secretive and deceptive process:
I've held 80 town halls in
Political change doesn't start in a government building and trickle down; it moves from the bottom up.
But the louder the American people protest, the faster
That is why the American people must keep calling, keep writing and keep speaking out against this tax plan. Political change doesn't start in a government building and trickle down; it moves from the bottom up. You must keep fighting against this reckless and irresponsible tax bill that cripples our economy and takes away money and health care away from the middle class to pay for massive corporate giveaways.
Chief Communications Advisor, Tax, Oversight and Investigations
Ross: Florida Citrus to Benefit from Hurricane Relief Package
Travel Insurance Comparison Site Squaremouth Breaks Down Traveler Behavior This Christmas
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News