The President said yesterday that these massive tax cuts for corporate America will be rocket fuel for the economy--rocket fuel for corporate America and for the Trump empire for certain, and a rocket-fueled hit to the heart of middle America for sure. If you are in college and you are trying to become better and self- sufficient to thrive in the global economy, you are getting a big tax hike. If you have a medical illness that you were born into and your costs exceed your insurance coverage, you will be getting a big tax hike. If you are 1 of 13 million Americans to lose your healthcare coverage and the millions more who will see their premiums explode because congressional Republicans needed another $300 billion for their deficit-exploding corporate tax cuts, you will be taking a big hit on top of a big tax hike. Mr. Speaker, this tax cut bill is a massive takeaway from middle America and a massive giveaway to corporate America. The deficit will rise by $1.5 trillion, and both the Congressional Budget Office and the Joint Committee on Taxation confirmed that, in less than 10 years, Americans making between $40,000 and $50,000 will pay $5.3 billion more in taxes. ____________________
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