REP LIEU SLAMS HOUSE PASSAGE OF GOP TAX SCAM
FOR IMMEDIATE RELEASE
WASHINGTON – Today, Congressman Ted W. Lieu issued the following statement after House Republicans passed their devastating tax scam, which eliminates key deductions for middle class families, students, teachers and seniors across the country. Instead, the tax scam hands deficit-exploding giveaways to the wealthiest Americans and corporations shipping jobs overseas. A new analysis released by the Institute on Taxation and Economic Policy that finds California stands to be the biggest loser in the House tax reform bill. Under this plan, Californians will shoulder the largest net tax increase at $12.1 billion in 2027.
“The GOP tax plan is terrible. Hard-working families are going to foot the bill for tax breaks for the wealthy and Californians will be among the hardest hit by this tax scam. It’s despicable. California is already a donor state to the federal government, meaning we give more in tax dollars to the Treasury than we receive in services and programs. Removing the state and local tax deduction, for example, means middle class families in California will be paying more taxes to subsidize breaks for the super-rich. This scam is both unfair and irresponsible.
My hope was that House Republicans, especially in states like California, New York and New Jersey, would realize how much they’re going to hurt their own constituents with this vote. Now Americans know where their representative's priorities lie.”
# # #