REP. LIEU STATEMENT ON TRUMP'S TAX PLAN
FOR IMMEDIATE RELEASE
Washington – Today, 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."