On the recordNovember 8, 2017
I am here to speak about the Republican's billionaires-first tax bill. Mr. Speaker, the Tax Policy Center determined they will raise taxes for approximately 38 million middle class households. Americans agree that we need more jobs, higher wages, and lower taxes. But the Republican bill rewards billionaires, prioritizes corporate profits, and hurts working families. It is welfare for the wealthy paid for by the hardworking middle class American. It fails the President's own Trump test, which says their tax plan would not benefit the wealthiest of us. Guess what. It does. Worst of all, New Jersey families suffer the most. The bill guts the critical State and local tax deduction. That means one-fourth of all New Jerseyans will be paying more taxes. Why should billionaires receive tax relief instead of New Jersey's middle class families? Americans must reject this billionaires-first, bloated, backwards bill. It will do nothing to raise wages or bring real relief for working families. ____________________
