Yesterday, President Trump claimed he’ll ‘get killed’ and be a ‘big loser’ under the Ryan-McConnell tax bill. Truth? The only ‘big losers’ in the GOP tax scam are vulnerable and hard-working middle class families (including Trump voters) who will pay more in… Continue
While House Republicans from California tout the GOP Tax Scam as a tax bill that brings ‘relief’ to Californians, they’re actually eliminating the deductions that working families in their districts benefit from.
The GOP bill caps the mortgage interest deduction at $500,000, which is half of the current $1 million cap. That’s a problem for thousands of CA households because four of the top six areas where more than 30 percent of new mortgages are over $500,000 are in districts represented by Republicans:
Under the Ryan-McConnell tax bill, not only are Republicans raising taxes on the middle class in order to hand massive tax cuts to the rich, they are destroying a key tax deduction for working families dealing with medical bills: the medical expense deduction, which helps families with children with disabilities, long-term care needs, a need for expensive fertility treatments that have very high medical costs.
“My donors are basically saying, ‘Get it done or don’t ever call me again.’” – Rep. Chris Collins (R-NY)
“It is a fact that the first $55,000 you earn for a family of four will not pay any tax. So, it is a tax cut for the middle class.” – House Majority Leader Kevin McCarthy
On CNN’s State of the Union, Leader Pelosi Blasts Republicans’ Ryan-McConnell Tax Plan for Billionaires
This morning, House Democratic Leader Nancy Pelosi joined Jake Tapper on CNN’s State of the Union to discuss Republicans’ Ryan-McConnell Tax Plan for Billionaires which will raise taxes on millions of middle class Americans in order to give tax cuts for America’s… Continue
The chaotic delay of Republicans’ long-promised unveil of the Ryan-McConnell tax plan is just the latest evidence that the GOP is pushing a half-baked tax bill with ruinous consequences for workers and middle class Americans. And as Republicans continue to scramble to raise taxes on hard-working families in order to ‘cut cut cut’ taxes for billionaires, they are still struggling to nail down details of their tax plan – even arguing about what to name their tax bill.
In October, while House Republicans were busy jamming through a job-killing budget to fast-track tax cuts for the wealthy and raising taxes on middle class families, Democrats were laser-focused on job creation through their bold economic agenda A Better Deal: Better Jobs, Better Wages, Better Future. From proposing legislation to help veterans find good-paying manufacturing jobs, to events across the country pushing skills training and creating a job pipeline across emerging industries – Democrats were committed to creating jobs, raising wages, and improving the lives of hard-working Americans.
On the eve of House GOP’s tax bill rollout, the American people have made it clear they are not falling for Republicans’ plan trick to trick the middle class and treat billionaires – making the GOP tax bill the most unpopular legislation since President Bush’s attempt to privatize Social Security.
The day after Halloween, House Republicans are expected to unveil their trick-or-treat tax bill: A trick to raise taxes on middle class working families, while handing a multi-trillion dollar treat in tax cuts to the wealthy.