New Democrat Coalition Statement on GOP Tax Bill

Today, key Members of the New Democrat Coalition released the following statement on the passage of the harmful tax bill:

“By now, we all know the big picture failures of this tax bill. The bill will add roughly $2 trillion dollars to the national debt and lead to 13 million Americans losing their health insurance, driving up health insurance premiums for those with coverage by an additional 10 percent every year. This bill very disproportionately benefits the wealthiest Americans and large corporations as opposed to the middle class, and the modest benefits that some, not all, Americans may see will mostly phase out in coming years leading to taxes going up for many Americans.

“Real reform doesn’t explode our deficits by trillions or benefit the wealthy over the working and middle class. It doesn’t punish working families with steeper health insurance cost or punish people from certain regions of the country. And it doesn’t leave families with massive uncertainty a few years down the road.

“Our country is in dire need of a modern tax code, and New Democrats would support a bill that, if pursued in a bipartisan, open matter, helps us achieve true comprehensive tax reform. The New Democrat Coalition has continued to offer to work with House Republicans on a truly bipartisan tax reform plan and urged the Conference Committee to abandon their partisan approach. We are disappointed in our Republican colleagues for ramming through this shortsighted and careless bill, and pledge to our constituents to keep fighting for sensible fair tax policy on their behalf.”

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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