Press Release ● GOP Tax Law
For Immediate Release: 
September 13, 2018
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after House Ways & Means Committee Republicans passed the GOP tax scam 2.0 out of Committee on a party line vote:

“Today, Ways and Means Republicans passed out of committee on a party line basis a second round of their dangerous tax scam, which would further bankrupt our children and grandchildren in order to provide even more tax breaks to the wealthiest in our country.  Their latest tax legislation would add $3 trillion to the deficit over a decade, even as Republican economic policies - including their first round of tax cuts - led the Congressional Budget Office to project trillion dollar deficits far into the future.  Meanwhile, their promised massive economic growth and wage gains for middle class workers have not materialized, with wages still stagnating while businesses use their tax breaks to benefit shareholders through stock buy-backs. 
 
“The Republican tax scam is the perfect example of everything wrong with the Republican Congress, which has abjured regular order and allowed a bad process to yield a bad product.  Riddled with errors and replete with giveaways to special interests and campaign contributors, the tax scam will go down in history as one of the worst ideas from a Majority with the worst record on transparency, accountability, and achievement. 
 
“Now, instead of working with Democrats to fix the problems they have created, Republicans are doubling-down and trying to make a bad situation worse.  The American taxpayers want tax policies that make sense, that are fiscally sound, and that enable our nation to afford investments in opportunity and security for the future.  This bill does the opposite.”