On the recordNovember 2, 2017
The Tax Policy Center, the Wharton School, and virtually every rational economist have reviewed the House Republican tax cut plan and the results are clear: no new good economic growth, big debt and deficit, and big tax cuts for corporations and very rich Americans. Three million wealthy Americans will get a tax cut next year of $220,000; 250 million not-so-rich Americans will get a tax cut of $221. If you make $730,000, your income next year will increase by 8.5 percent. If you make $150,000, it will increase by 1 percent. Where are all of the deficit hawks? Where are any of the deficit hawks? This tax plan is nothing more than fraud being perpetrated against middle America. I ask my colleagues to reject this plan. ____________________
Source
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