On the recordNovember 16, 2017
This plan will show no growth. The neutral tax policy entity said you will get no growth, no growth in wages, and you will send jobs overseas in waves. It is a tax scam and it is an American nightmare. Vote against this tax scam Mr. Speaker, as a member of the Budget Committee, I rise in strong and unyielding opposition to H.R. 1, the so-called ``Tax Cut and Jobs Act,'' which more accurately should be called the ``Republican Tax Scam Act.'' I oppose this cruel and immoral $1.7 trillion tax giveaway to wealthy corporations and the top one percent because it raises taxes on poor, working, and middle class families; explodes the deficit by adding an additional $2.2 trillion over ten years; and will require an estimated $5.4 trillion cut in funding for the programs ordinary Americans depend on for health security, educational opportunity, and economic progress. Mr. Speaker, Americans are not fooled; they know trickle-down economics has never worked, and they see right through this phony tax plan and recognize it for the scam that it is. That is why Americans reject this Republican tax giveaway by an overwhelming 2:1 margin according to a poll released yesterday by Quinnipiac. Specifically, 61 percent think the Republican tax scam will benefit the wealthy the most; only 16 percent say the plan will reduce their taxes. 59 percent think it is a very bad idea to eliminate the deduction for state and local income taxes.…
