“Republican Tax Cuts for the Rich Will Bankrupt Our Country”
Moulton: “Republican Tax Cuts for the Rich will Bankrupt our Country”
Washington, D.C. – Today, as Republicans prepare to force a vote this week on their flawed and economically dangerous tax bill, Congressman Seth Moulton (D-MA), a member of the House Budget Committee, released the following statement:
“This isn’t a tax reform plan, this is just a tax cut for the wealthy. And Republicans are shoving it down our throats. Make no mistake: Republican tax cuts for the rich will bankrupt our country - and it’s the grandkids of the middle class who will have to pay it back.
“Democrats have consistently been the party that supports small and new businesses that create jobs and support our communities. Let’s help those companies, not the biggest corporations that are their competition and are already using corporate loopholes to avoid paying the taxes the rest of us have to pay. Let’s cut taxes for the middle class by closing these loopholes and ensuring that people who earn money by keeping it in an investment account pay the same taxes as those who put in a hard day’s work.
“President Trump and Congressional Republicans have failed to learn the lessons Presidents George W. Bush and Ronald Reagan taught us--the lesson that the author of ‘Reagonomics,’ Bruce Bartlett has recently reaffirmed: trickle-down economics doesn’t work.
“I urge my colleagues to come back to table and have a bipartisan debate about real tax reform for American families. Let’s stop bankrupting the country and start investing in our future."