The House of Representatives’ tax plan, released today, will be as harmful to working families as it is a boon to the rich and to profitable corporations.
In a statement, AFSCME Pres. Lee Saunders called the bill “another gift to the powerful corporate special interests who manipulate our politics and politicians.”
It’s a bill of sliding scales in which giveaways to corporations and the super wealthy will be paid for on the backs of working families.
To help pay for the trillions of dollars in tax breaks for corporations, congressional leaders plan to use partisan maneuvers to inflict deep cuts to vital programs such as Medicare and Medicaid.
“To add insult to injury,” Saunders went on to say, “the bill will starve communities of state and local public services, stifle job growth, and cause many middle class families to actually be hit with a tax increase.”
Among the ways in which working families would see their tax bills go up are the elimination of deductions for state and local tax (SALT) income tax and student loan interest payments. Additionally, “Americans would no longer be able to deduct their medical expenses or property and casualty losses,” according to the Washington Post.
It’s a bill that breaks the promises congressional leaders and President Donald Trump made to put the interests of struggling families first.
“Real tax reform,” said Saunders, “would ask corporations and the wealthy to pay their fair share, not reward them with more giveaways they don’t need, at the expense of working families.”