On the recordNovember 15, 2017
the Republican tax plan, even before yesterday, would exacerbate income inequality at a time when it is already spiraling out of control, helping the rich get richer and big corporations get bigger while the middle class is left stuck in neutral. Many millions of middle-class families would wind up paying higher taxes at the end of the day--13 million in 2019 and 20 million in 2027--under the Senate plan. That is the wrong approach for our economy. It betrays the American worker and the American family, who deserve tax relief, because it concentrates more of our country's wealth at the very top--just what the American people don't want, but so many of those who fund the Republican Party do. For most of my colleagues and most of the American people, that is reason enough to oppose the bill, and the American people do, by large numbers. But yesterday Republicans made two last-minute changes to their bill that make it even worse. First, Republicans decided to throw the mother of all monkey wrenches into the bill: repealing the individual mandate. My friend the majority leader called this provision ``helpful'' to the bill because it raises revenue. I would remind him and all of my Republican colleagues that the nonpartisan Congressional Budget Office said it would lead to 13 million fewer Americans with health insurance. So we are taking 13 million people off of health insurance to give tax cuts to the wealthy.…





