WASHINGTON, DC - Today, Ways & Means Committee Ranking Member Richard Neal (D-MA) issued the following statement after Republicans released the outline of the second phase of their tax plan:
“Republicans’ first tax bill exposed the party’s real priorities: big corporations and people at the top. Wages aren’t rising, workers are getting laid off, and average families aren’t feeling any relief. This new framework is more of the same - it rewards the well-off and well-connected, fails to reinstate the state and local tax deduction, and leaves the middle class behind. All the while, Republicans are saddling future generations with trillions of dollars of debt and setting the stage to cut programs like Medicare and Social Security.
“Democrats believe in tax reform that provides relief to hardworking families and small businesses. Instead of passing policies that deepen inequality and increase complexity, Democrats envision a simpler tax code that helps Americans afford housing, pay for education, access skills training, and save for a secure retirement. And unlike the Republican tax law that incentivizes companies to move jobs overseas, Democrats want policy that encourages American businesses to invest in American jobs, grow their U.S. presence, and remain competitive in the global economy."
