Pelosi Statement on President Trump’s Tax Speech in Pennsylvania
Washington, D.C. – Democratic Leader Nancy Pelosi released this statement following President Trump’s speech on the Ryan-McConnell tax plan in Pennsylvania. The GOP plan to end the State and Local Tax deduction could raise hundreds of thousands of Pennsylvania families’ tax exposure by an average of more than $11,000.
“Today in Pennsylvania, President Trump pushed the same old trickle-down fairy tale that fills the pockets of the richest while abandoning hard-working Americans.
“Behind the President’s empty promises is a Ryan-McConnell tax plan where 80 percent of the tax cuts go to the wealthiest one percent while tens of millions of middle class families pay higher taxes. Trillions of dollars will be added to the deficit, and hard-working men and women will get stuck with the bill.
“Americans are tired of the Republican nonsense that billionaires have to get even richer before working families can get their long-overdue pay raise. We need real, bipartisan tax reform that puts the middle class first, and that means not one penny in tax giveaways for the wealthiest one percent.”