GOP Tax Cut Bill Puts Billionaires Ahead of Middle-Class Families, Says Brownley

Statement

Congresswoman Julia Brownley (D-Westlake Village) issued the following statement today regarding introduction of the House Republicans' tax cut bill:

"Republicans tout that they want to help middle-class families, but the tax cut bill they unveiled yesterday clearly shows that what they really care about is putting billionaires first.

"Their giveaway to the rich eliminates deductions that are critical for middle-class families in California, including the state and local income tax deduction, the medical expense deduction, the student loan interest deduction, and the dependent care credit. They also limit the property tax deduction and the mortgage interest deduction for future homebuyers.

"The message this bill sends to middle-class Americans is loud and clear: If you want to go to school to better your education, you have a child in daycare, you are buying a home for your family for the first time, or you have major medical expenses from cancer or other life-threatening conditions, Republicans don't care.

"This windfall for the 1% also forces our country deeper into debt -- putting more pressure on Medicare and Social Security and sticking our grandchildren with the bill. Despite Republicans' claims, most reasonable economists say that tax cuts funded by adding to the deficit are not the path to economic growth.

"We know a scam when we see one. Americans deserve a better deal -- one that will help working class families instead of special interests. Speaker Ryan needs to scrap this plan so that we can work on a bipartisan bill that actually reforms the tax code and helps middle-class families."

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