Statement ● GOP Tax Law
For Immediate Release: 
November 16, 2017
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) delivered remarks on the House Floor in opposition to the GOP tax scam that cuts taxes for the wealthiest Americans, raises taxes on 36 million middle-class families, and explodes the deficit. Below is a video and a transcript of his remarks:

Click here to watch a video his remarks. 

“I thank the gentleman for yielding. This is the most irresponsible bill that I will have been confronted with in the 37 years that I have been in the Congress of the United States.

“This bill, Mr. Speaker, is both reckless and feckless. It is reckless because it would add more than $1.7 trillion, the Chairman says over $2 trillion dollars, to the debt over a decade in a shameful act of hypocrisy for its supporters, who, for years, have called for fiscal responsibility. It is feckless because its authors write it with an eye towards politics, not policy.
“There is no courage in voting for this bill. It is easy to vote for a tax cut. What is hard to do is paying for what we buy, and neither side does that particularly well. There is no courage in voting for this bill – only a suspension of common sense and their now abandoned commitment to fiscal sustainability.
“Furthermore, my Republican friends call this bill a tax cut. The gentleman who just spoke, the Whip said, it's a reduction in rates, but 36 million working Americans will receive a tax increase under this bill. So it was a very careful articulation of reduction of rates. A tax on 36 million Americans, working Americans.
“Furthermore, they call this bill a tax cut. It's not a stretch of the imagination to presume that given Republicans' urgency to reject bipartisan compromise and deflect public input, the Members of this House will be asked to accept whatever version of the tax bill can pass the United States Senate. Yesterday, the Senate Finance Committee – listen to me, my colleagues – the Senate Finance Committee rejected this bill 36-0. The Senate Finance Committee, headed by Republicans, rejected this bill 36 to nothing.

“I'm reminded of what Representative Matt Gaetz, a Republican, said last month about the budget resolution that teed up this tax plan. He said that and I quote, ‘we are being asked to vote for a budget that nobody believes in so we have a chance to vote for a tax bill that nobody's read.’ I won't ask you to raise your hand if you've read this bill.

“Those who take this vote will have to live with it. And just hope, just hope, that whatever mystery tax package your Senate colleagues send over here won't gut whatever concessions you have extracted.
“I heard the Whip say no special provisions in this bill. I don't have the time to go through every special provision that has been used to get people to vote for this bill.

“Mr. Speaker, this isn't the tax reform the American people were promised or the tax reform that American people want.
“Let's sit down together. Let's sit down together, Mr. Chairman. You and Mr. Neal, two responsible, good Americans. Sit down together, not in a partisan way but in a bipartisan way. That's the way we did the 1986 bill and that's why it was a responsible piece of legislation.

“Let's enact tax reform that focuses on the working class, the middle class, the people who need the money – not give over half of it to the richest people in America. I don't have any beef with them. We'd all like to be rich. But they don't need a tax cut and the middle class does. Why give 50% of the revenue to them?

“Let's enact tax reform that focuses on them. Let’s enact tax reform that doesn't give half the benefit to those making more than $900,000 a year.
“Let's enact tax reform that improves our long-term fiscal position, rather than adding the $1.7 trillion to our debt that the CBO projects this will add. In an op ed in today's Washington Post, and by the way, [Secretary Rubin] was Secretary of Treasury during the only four years of a balanced budget that we have experienced in the last 50 years.
“Vote no on this bill. Look to your souls, not your polls, not your political accounts. Reject this sellout of America's future. Vote no.”