On the recordNovember 15, 2017
I thank Ranking Member Neal for the opportunity to speak on this bill. The fact is I do want to simplify our Tax Code and I do want tax reform, a tax reform that relieves the burden on our middle class, our seniors, our veterans, and our students. But let's just see how this bill fares with the middle class, seniors, veterans, and students. My middle class constituents in California will be double-taxed on their income, but big corporations will get tax relief. Veterans in my district will find it harder to find work or a home because this bill eliminates tax credits for hiring veterans and harms efforts to end veterans' homelessness. Middle class homeowners across California will see the value of their homes decrease by as much as 10 percent. Students will get hit with the largest relative tax increase in this bill. Seniors will see a Medicare cut by $25 billion a year. That is over $100 billion of Medicare cuts over the next 4 years. And 38 million middle class families will see their taxes increase. They always point to this family of four earning $59,000 getting a certain amount of tax cuts, but 38 million middle class families will see their taxes increase, all this while giving tax breaks to millionaires, billionaires, and corporations who ship jobs overseas and raise the deficit by $1.44 trillion within 10 years.…





