Statement ● GOP Tax Law
For Immediate Release: 
April 18, 2018
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) spoke on the House Floor today in opposition to the GOP tax law. Below is a video and transcript of his remarks:


Click here to watch the full remarks.
 
"When Americans pay their taxes, as millions did yesterday, they expect, rightfully, that their tax dollars will be used to benefit the many, not just the few.

“However, that's not been this Republican Congress' approach. The tax law Republicans enacted does little to help the middle-class working families and gives 83% [of the benefits] to approximately 10 million people… and to 300 million people, 17%.

“According to the independent, non-partisan Tax Policy Center, the tax law will give the richest Americans an average tax cut of $33,000, while those who are struggling the most will get maybe $40.

"Their tax law is also a breathtaking exercise in fiscal irresponsibility, handing our children and our grandchildren a $1.8 trillion bill they will have to pay. Thanks to the Republican tax law, the CBO now projects a trillion dollar debt every year for the next 10 years. Somebody's going to have to pay that bill, and it's our children and our grandchildren.

“Mr. Speaker, the American taxpayers deserve a system that is fair and promotes fiscal sustainability. The new Republican tax law does the opposite.”