Lawson: GOP Tax bill a missed opportunity at real reform
WASHINGTON, DC - U.S. Rep. Al Lawson (D-FL) released the following statement after voting against GOP tax bill, which would cut taxes for corporations and the wealthiest families while adding more than a trillion dollars to the deficit.
“Today, the House of Representatives missed a huge opportunity to cut taxes on middle-class Americans, grow the economy, and invest in our country. Instead, Republicans rushed through a bad partisan piece of legislation that cuts taxes for corporations and the wealthiest Americans.
“This bill will restrict our ability to improve education, rebuild our infrastructure, and provide affordable health care to working families, seniors, and veterans. Repealing the individual mandate alone is expected to cause 13 million Americans to lose their health insurance and increase premiums by 10 percent, and cut Medicare by $25 billion.
“This is not a middle-class tax cut. The majority of the benefits will go to the wealthiest one percent of Americans. This is not a jobs bill. Corporations will use these tax cuts to reward shareholders and invest in automation, which will accelerate job losses.
“This bill would raise taxes on 86 million middle-class households, including nearly 1 million Floridians.
“This bill fails miserably on bipartisan tax reform solutions that put the middle-class first. The bill has not had one public hearing, nor has it been transparent.
“I believe Democrats and Republicans should have had an opportunity to work together in an open, transparent process, to craft real bipartisan tax reform that helps the middle-class without adding a dime to the deficit.
“The bill we voted on today is not tax reform. It’s a tax give away to those who don’t need it, paid for by those who do. This bill is reckless and dangerous deficit spending at its worst.