WASHINGTON, DC - Ways and Means Committee Ranking Member Richard Neal (D-MA) today released the following statement after the Tax Policy Center released an analysis of the Ryan-McConnell tax framework:
“Despite Republican claims that their tax plan would benefit the middle class, today’s analysis from the Tax Policy Center confirms that the Ryan-McConnell tax plan would overwhelmingly favor the rich at the expense of the middle class and hardworking Americans. Alarmingly, this analysis found that the middle class would be likely to pay more in taxes, directly contradicting claims made by Speaker Ryan and Leader McConnell. Paying for massive tax cuts for the wealthy at the direct expense of the middle class would cause great harm to our nation’s economy and further exacerbate income inequality. To put it simply, this tax plan is a gut punch to the middle class and a golden goose for the rich."
