Press Release ● GOP Tax Planfacebooktwitterbirdemail
For Immediate Release: 
November 14, 2017
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the Congressional Budget Office (CBO) released their analysis of the Republican tax scam bill in response to a letter Whip Hoyer sent inquiring about the automatic sequester cuts to vital programs that will be required under statutory PAYGO:

“Today’s analysis from the Congressional Budget Office shows the full fiscal impact of the Republican tax bill’s massive deficit increases.  Adding $1.5 trillion in new deficits over a decade would be bad enough, but CBO shows how, under current law, statutory PAYGO will result in the complete elimination of all funding to dozens of mandatory programs next year, from assistance to farmers to border enforcement to student loans, as well as a roughly $25 billion in cut to Medicare.  This further illustrates the consequences of Republicans’ desire to provide huge tax breaks to the wealthiest while raising taxes on 36 million middle-class taxpayers. 
 
“I wrote the statutory PAYGO law when Democrats were in the Majority because I believe that Congress has a responsibility not to load the next generation with a massive amount of debt.  With this tax bill, Republicans are irresponsibly planning to do just that.
 
“While it is possible to avoid the PAYGO enforcement cuts triggered by their added deficits, Republicans would need Democratic votes to do it, requiring them to abandon their go-it-alone partisan strategy, which is only leading them on a path to failure and to putting our country in danger.  I urge them to abandon their disastrous tax bill and instead work with Democrats on real, bipartisan, permanent tax reform that won’t balloon our debt or trigger cuts under PAYGO.”

Links to documents:
Whip Hoyer’s Letter to CBO
CBO’s Analysis (note: the link in the CBO letter is incorrect; please use the link below to view the full list of accounts subject to sequester cuts)
Table of programs to be cut (appendix)