Connolly Statement on GOP Tax Plan
Congressman Gerry Connolly (D-VA) released the following statement on the GOP tax plan:
“This bill falls far short of our values. It would raise taxes on tens of millions of middle class Americans in order to finance permanent tax cuts for the wealthy and corporations. By 2027, the Tax Policy Foundation projects more than half of households would face a tax increase. It explodes the deficit by nearly $1.5 trillion. And the conference report adds a devastating attack on the American healthcare system by repealing the individual mandate, leaving 13 million more Americans uninsured.
“Congress had a real opportunity to pursue bipartisan revenue neutral tax reform that would lower corporate rates and benefit the middle class. As a leader of the New Democrat Coalition, I have written on several occasions to Speaker Ryan and Chairman Brady asking them to partner with us on a tax reform plan that would simplify the tax code, create revenue for infrastructure, and provide middle class tax relief. Instead, the majority has ignored these repeated overtures and rushed through a partisan tax plan that asks working families, veterans, and low-income seniors to pay higher tax rates than the wealthiest Americans and largest corporations. That’s simply unconscionable.”