New Democrat Coalition Opposes Harmful GOP Tax Bill
Today, New Democrats voted against the harmful, Republican tax bill that passed the House. New Democrats recognize the need for comprehensive tax reform, but this bill explodes the deficit, fails to simplify the tax code, and increases taxes on the middle class. In response, several key Members of the New Democrat Coalition released the following statement:
“New Democrats recognize the urgent need for comprehensive tax reform. A good plan would simplify the system, support middle-class families, foster business development and job creation, encourage innovation and create opportunities for Americans to prosper in a 21st-century economy. Today’s bill does not achieve those goals and will explode the deficit.
“The bill that passed today puts large corporations and the ultra-wealthy ahead of sick Americans, students, teachers, veterans, seniors and the estimated 47.5 million Americans who will see a tax increase by 2027. If that isn’t enough, the bill leaves our children and grandchildren to pay off over $1.7 trillion in debt.
“Instead of pursuing this bill, we should be working together to simplify the tax code, support workers and enable them to invest in themselves and their jobs; promote innovation, entrepreneurship, and new business formation; and spur infrastructure investment.
“This bill is not yet law – right now an equally odious version in the Senate faces significant challenges – and there is still time to rally against it.”
This statement is supported by New Democrat Coalition Chair Rep. Jim Himes (CT-04) and New Democrat Coalition Tax-Reform Co-Chairs and New Democrats on Ways & Means Reps. Ron Kind (WI-03), Terri Sewell (AL-07), Suzan DelBene (WA-01), Don Beyer (VA-8), and Brad Schneider (IL-10).
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