House Republicans passed their bill cutting taxes for the wealthy and corporations while taking healthcare away from 13 million Americans.
The tax cut bill is a disaster for everyone who is not rich. As House Democratic Whip, Rep. Steny Hoyer pointed out in a statement, “The new analysis released this morning by the bipartisan Congressional Joint Committee on Taxation flatly disproves claims by Republican leaders that the Republican tax bill would provide a tax cut to the average household at every income level. Instead, taking into account changes made in recent days, the Senate bill would stick lower- and middle-income Americans with a massive tax increase. By 2027, average taxpayers earning less than $75,000 a year would receive a tax increase. Even worse, those making between $20,000-$30,000 a year would see their taxes go up 25%.”
Republicans pay for their tax cuts by cutting Medicare by $25 billion a year, increasing taxes on lower income people, and taking health insurance away from 13 million Americans by repealing the individual mandate.
This bill is one of the most disgraceful pieces of legislation to come out of the House since they tried to repeal Obamacare.
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The American people are opposed to this legislation by a more than two to one margin. Republicans have already paid the price in the 2017 election for trying to repeal Obamacare. The House majority responded by doubling down and sticking a thumb in the eye of voters. There will be a heavy price to pay for voting for this bill.
House Republicans thought that they could save their majority by passing tax cuts for the rich, but all they have done is dig their own political graves.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
