Lloyd Doggett: “This corporate tax windfall bill, thinly disguised as help for children, offers even more tax advantages to corporations…”

“This corporate tax windfall bill, thinly disguised as help for children, offers even more tax advantages to corporations that are paying today a mere 7.8 percent tax rate. A working mother of two earning the average wage pays a Federal effective rate of 20 percent. Even The Wall Street Journal called one provision in this bill a retroactive sop. It is minimal help for children and maximum benefits for those who are failing to pay their fair share. For every $1 that goes to children under this bill, $5 goes to corporations. Republicans are enabled to lock in $600 billion in extended Trump tax breaks while millions of children are left in preventable poverty and are denied a full tax credit. While bipartisan, this bill is no more equitable than our broken bipartisan tax code overflowing with loopholes and special advantages for the well-connected. This deal only continues slanting our tax system against working families. Reject the unjustified corporate ransom and lock in genuine relief for children.”