Congressman Gene Green’s Statement on GOP Tax Scam
WASHINGTON, DC – Congressman Gene Green released the following statement today after the House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act:
“It’s a shame that the House Republican majority rushed to pass a tax bill knowing it will increase taxes for middle-class Americans and deliver a huge tax cut to the wealthiest households and multinational corporations. Republicans may pretend to hope that the money will trickle down to average Americans, but we know it didn’t work in 1986, 2001, or 2003, and it surely won’t work today.
To pay for the tax cuts for the rich, the Republican majority plans to eliminate tax deductions that millions of middle-class families claim annually and make deep cuts to Medicare and Medicaid, which will lead to 36 million middle-class families paying more. I am particularly concerned about the elimination of the casualty loss deduction, which currently allows disaster victims in Houston and Harris County to write off the loss of their home, car and other property caused by Hurricane Harvey. The Republican majority has thrown out its fiscal conservatism by irresponsibly adding to our nation’s deficit by $1.5 trillion. And if that isn’t bad enough, the Senate version will increase the number of insured Americans by 13 million simply by repealing the individual mandate under the Affordable Care Act.
The last time America’s tax system was overhauled was in 1986, but it was done on a bipartisan basis and took at least a year before there was a final vote. The Republicans this time around decided to jam a strictly partisan bill and shutout Democrats from the entire process. Americans deserve A Better Deal."