Half of All Americans Face Tax Hike Under Republican Tax Scam
Youngstown, Ohio – Congressman Tim Ryan (D-OH) made the following statement today after the non-partisan Tax Policy Center released new analysis of the Republican tax plan moving through the Senate. The Tax Policy Center found that half of all Americans will face tax increases by 2027 – including 82 million middle class families. Two-thirds of households in the middle quintile will see a tax increase, yet only 2 percent of the top 0.1 percent will see an increase. The Tax Policy Center’s analysis of the tax bill that passed out of the Senate Finance Committee can be found here.
“Independent analysis after independent analysis has confirmed that this legislation does not cut taxes for middle class families, but raises them. Half of all Americans and 82 million middle class families will face a tax increase under the Republican tax scam. Even Mitch McConnell said he “misspoke” about the middle-class tax hikes that will happen under this tax plan. Donald Trump and Congressional Republicans should be ashamed of this scam. As American families gather this week to celebrate Thanksgiving, Congress should be doing everything in our power to make life easier—not harder—for the hardworking men and women of this country. This bill increases our deficit, increases our national debt, increases taxes on these families, increases the cost of education, and puts us in a worse position geopolitically with countries like China who are trying to take our place as the strongest country in the world. There’s not much there to be thankful for,” said Ryan.