REP LIEU STATEMENT ON PASSAGE OF GOP TAX BILL
WASHINGTON - Today, Congressman Ted W. Lieu (D-Los Angeles County) issued the following statement after the House passed the final version of the GOP tax bill.
“This bill is a nightmare. This legislative process was a nightmare. The repercussions of this tax scam will be a nightmare.
We have just witnessed generational theft to benefit the super-rich and corporations. The GOP pushed through a bill that is deeply unpopular and will raise taxes on millions of middle class families.
I’m angry for Californians, who will be acutely hurt by this bill. Under this bill, my constituents who were impacted by the wildfires won’t have access to critical tax deductions meant for disaster survivors. Under this bill, my constituents on Medicare and Medicaid likely won’t see the necessary funding to keep older and low-income Americans covered. Under this bill, my constituents will basically incur double taxes because of the cut to the State and Local Tax deduction.
Today, the House and Senate GOP cast their votes in favor of hurting middle class American families so that folks with estates worth $22 million can get a massive tax exemption.”