Press Release
Posted:
Washington – Today, Ways & Means Tax Subcommittee Ranking Member Mike Thompson (CA-04) concluded an over 17 hour markup of the Congressional Republicans’ tax bill, which extends the President’s 2017 tax breaks for billionaires, adds $5 trillion more to our national debt, and leaves working families behind. Republicans will combine these tax breaks for their billionaire donors with their bills to slash health care and nutrition funding in order to pay for it.
“Congressional Republicans have been clear since the beginning: They intend to hand tax breaks to their billionaire donors like Elon Musk and they are slashing everyday Americans’ health care and nutrition support to pay for it,” said Thompson.
“Our tax code should be focused on supporting hardworking Americans, not running up our debt by trillions to give tax breaks to people who don’t need the help.
“My colleagues and I fought to reinstate the State and Local Tax Deduction, prevent cuts to 13.7 million Americans’ health care, revive the Child Tax credit, prevent handouts to the super wealthy who don’t need the help, and protect my green energy tax credits which are creating jobs and lowering energy prices for Americans. It’s a shame that our colleagues on the other side of the dais voted against all of these sensible measures.
“The fight isn’t over. Until Congressional Republicans work with us to develop a bill that reins in our national debt and helps put hardworking Americans ahead, we will continue to fight their extreme policies every step of the way.”
House Republicans’ tax bill passed out of the Ways & Means Committee. Every Ways & Means Democrat voted no. Next, the bill will be packaged with Republicans’ bills slashing health care and nutrition services for Americans and brought to the House floor before the full Congress.