Brian Higgins: “The Republican corporate tax cut bill is a massive takeaway from middle America and a massive giveaway to corporate…”

“The Republican corporate tax cut bill is a massive takeaway from middle America and a massive giveaway to corporate America. The Treasury Secretary says that these tax cuts will pay for themselves, and more. News flash for the Treasury Secretary: Tax cuts don't pay for themselves. They never have, not once, in human history. What does pay for itself are Federal historic tax credits. When Federal historic tax credits are used to renew historical buildings, $1.20 for every $1 in tax credits is generated. When historic buildings are renewed, including in my community of Buffalo, New York, Main Streets across America are restored, jobs are created, and new business income and property tax revenues are generated. The Federal historic tax credit does, in fact, pay for itself, and more, by helping cities and communities to become economically independent and self-sufficient. ____________________”