Ted Deutch: “The Republican tax plan that provides massive, permanent tax cuts to the largest corporations and tax increases for…”

“The Republican tax plan that provides massive, permanent tax cuts to the largest corporations and tax increases for millions of middle class Americans is bad tax policy. Let's be honest about what it does. This $1.5 trillion tax cut will trigger cuts to domestic programs in the amount of $150 billion every year, including $25 billion in cuts to Medicare, with 55 million Americans who rely on it being put at risk if this bill becomes law. Mr. Speaker, it is bad enough that this tax policy favors the largest corporations over middle class Americans, but to effect these kinds of massive cuts by tricking the American people in order to try to do it is shameful. We have to defeat this bill, prevent these massive cuts, and protect the 55 million Americans on Medicare from a $25 billion cut. ____________________”