Issues

House Republicans Dig Their Own Graves By Passing Tax Cut For The Rich Bill

House Republicans passed their bill cutting taxes for the wealthy and corporations while taking healthcare away from 13 million Americans.

Read About Ivanka Trump's Plotting To Return To The White House On THE DAILY

 

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.

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.

Recent Posts

RFK Jr. Is Quickly Becoming A Political WMD Wiping Out Trump

The latest ABC News poll showed that Trump's RFK Jr. problem is growing and getting…

11 hours ago

Face The Nation Took Kristi Noem To The Gravel Pit And Ended Her Career

Face The Nation's Margret Brennan took apart Kristi Noem and ended any chance of her…

12 hours ago

Jamie Raskin Perfectly Explains Why Trump’s Criminal Trial Matters

Rep. Jamie Raskin (D-MD) explained that Trump's New York trial is part of his determination…

13 hours ago

Tim Scott Humiliates Himself By Refusing To Accept 2024 Election Results

NBC's Kristen Welker asked Sen. Tim Scott (R-SC) if he would accept the 2024 election…

17 hours ago

Doug Burgum Crashes And Burns As He Tries To Defend Trump On CNN

Trump VP hopeful Gov. Doug Burgum (R-ND) fell apart as he tried to push Trump's…

18 hours ago

Republican Elected Officials Are Teaming Up To Push Back Against Trump Election Lies

Republican election officials across the country have formed a group that is pushing back against…

2 days ago