American Bridge spokesman Joshua Karp released the following statement after Senate Republicans voted to proceed to debate of the Trump-Republican tax plan:
“This Trump-Republican tax bill would sell out millions of American families in order to cut taxes for millionaires and large corporations. This is government gone wrong, and supporters of this scam ought to be ashamed. The stakes for the middle class couldn’t be higher, and every Republican who just voted for higher taxes, higher healthcare costs, and higher government debt will be held accountable in 2018 and beyond.”
To cut taxes for the rich (including Donald Trump himself) and for corporations, the Senate Republican tax plan would:
- Raises taxes on 87 million families
- Create new tax incentives for companies to send American jobs overseas
- Cut Medicare by $25 billion
- Deprive 13 million Americans of their health insurance while raising healthcare costs across the board
- Increase the deficit by $1.4 trillion
Published: Nov 30, 2017