Boyle Denounces Republican Tax Plan to Boost Corporate Profits and Raise Middle Class Taxes

WASHINGTON, DC– Today, Congressman Brendan F. Boyle (PA-13) released the following statement in response to the unveiling of the House Republican tax plan:

"It's easy to see why Republicans created this catastrophic plan in secret, with zero public hearings or bipartisan input. It's a shameful betrayal of middle class families, who would see their own taxes raised in order to pay for trillions in tax cuts for corporations and the wealthiest 1 percent. At a time when we should be fighting to empower working families struggling to find financial security, this plan would gut critical tax breaks for families and homeowners like the state and local tax deduction, which prevents middle class taxpayers from being taxed twice on the same dollar earned. In my district alone, in 2014, 36% of tax returns used the SALT deduction. Meanwhile, the Republican tax plan eliminates the corporate alternative minimum tax and cuts the corporate tax rate without closing loopholes – despite candidate Trump's assurances that he knew best how to do so.

"This plan would be a wrecking ball to the middle class and the overall US economy, crushing wage growth, lowering investments, and slashing revenue by the trillions – while the GOP simultaneously uses the deficit to justify cuts to Medicare and Medicaid. The middle class is already struggling to make ends meet. Americans need real tax reform that will boost the middle class, close corporate loopholes, and keep good jobs here at home – like the Patriot Employer Act, which I helped introduce last month. Instead, the GOP plan would raise taxes for millions of working families for the sake of boosting corporate profits, already at record highs. As a Member of the House Budget Committee and co-chair of the Blue Collar Caucus, I will continue to fight against this reprehensible, irresponsible proposal, and fight for real solutions for working families and American workers."

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