Pelosi Statement on Republicans’ Billionaires-First Tax Plan


San Francisco – Democratic Leader Nancy Pelosi released this statement after President Trump delivered a speech in Springfield, Missouri, which promoted Republicans’ plans for sweeping tax cuts for the top 1 percent:

“Instead of offering the American people a plan for real, job-creating tax reform, President Trump is pushing a billionaires-first, trickle-down tax scheme that hands out massive tax cuts to the wealthiest, at the expense of American families.  If Republicans have their way, they will blow a huge hole in the deficit, gut Medicare, Medicaid, Social Security and the Affordable Care Act – all just to fund deficit-busting tax breaks for the high-end.

“Democrats believe that hard-working Americans deserve real tax reform that creates jobs and fuels economic growth, while ensuring the wealthy pay their fair share.  We are committed to giving the American people A Better Deal with better jobs, better wages and a better future, and we will continue to demand ‘Not One Penny’ in tax cuts for the top 1 percent.”