On the recordNovember 8, 2017
Mr. Speaker, I rise today to oppose the Republican tax plan, a tax plan that is of, by, and for the wealthy and well connected. How do we know this? Yesterday, a Republican Congressman told a Capitol Hill reporter: ``My donors are basically saying, `Get it done or don't ever call me again.' '' There you have it, a window into the true motivation for this bill. It is a massive giveaway to the big donor class. It slashes the corporate tax rate, guts the estate tax to benefit millionaires and billionaires, and creates a new loophole so the superwealthy can disguise their income. What is worse, this Republican tax bill would be devastating for millions of middle- and lower-income Americans. It attacks the State and local tax deduction and the mortgage interest deduction. It eliminates tax deductions for medical expenses and student debt. It increases the deficit by approximately $1.5 trillion. Mr. Speaker, Americans deserve a better deal. ____________________





