REP. LIEU STATEMENT ON TRUMP'S TAX PLAN

April 26, 2017
Press Release

FOR IMMEDIATE RELEASE

WashingtonToday, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding President Trump’s proposed tax plan.

“I can explain in one word why the Trump tax plan and Trumpcare are both disasters: math.  No matter how hard the President and Republicans spin it, 2 + 2 will never equal 5.”

“Despite this mathematically impossible spin, a cold, hard fact remains: the Trump tax plan does not pay for itself.  It doesn’t even come close.  America is a great nation, but we haven’t yet discovered magic.  In the real world, the rules of math always apply.  Instead of paying for itself, the Trump tax plan  - particularly it’s slashing of the business tax rate to 15% without offsetting revenue increases - will blow a ‘bigly’ hole in our nation’s budget, federal deficit and federal debt."

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