Congressman Tim Ryan Votes Against Republican Tax Scam
Washington, DC – Congressman Tim Ryan released the following statement after voting against the Republican tax proposal.
“Instead of fixing our broken tax system, the so-called tax ‘reform’ legislation the Republican Majority just rushed through the House relies on the same supply-side, trickle-down economics that has failed in the past. In the last 30 years, 96% of income growth in the United States has gone to the top 10% of Americans. Today, 63% of families could not withstand a $500 emergency. We have pensions collapsing and communities that have been wiped out, and yet the GOP plan to fix all of this is to raise taxes on seniors, students, and hardworking Americans. So now Republicans want to go to the Chinese government and borrow the $2.3 trillion they just to give to the millionaires and billionaires? That is not acceptable.
“I have said previously that Republicans and Democrats have an opportunity to work together to make our tax code simpler, fairer, and more competitive. Instead of taking advantage of this opportunity for bipartisanship, Republicans have created a tax bill that benefits themselves, their wealthy donors, and—not surprisingly—President Trump himself. These tax breaks for millionaires and billionaires will blow a massive hole in our deficit and will mean drastic cuts to important programs that give a much-needed hand up to hardworking families and students who want a fair shot at the American Dream. This tax plan will not make America great. It will make America worse for everybody who is not already rich. I proudly voted against this bill that would benefit a few wealthy Americans at the expense of many hardworking men and women. I hope the Senate is able to defeat this bill,” said Congressman Ryan.