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With Nation Transfixed By Kavanaugh Monstrosity, House GOP Votes to Give Rich Another $3 Trillion in Tax Cuts

September 29, 2018 in Blogs

By Jake Johnson, Common Dreams

“This is yet another shameful tax law that would swindle working families and siphon even more funding from the programs that help our communities thrive.”


With the nation's attention rightly transfixed by the Senate GOP's monstrous efforts to ram through a Supreme Court nominee who has been credibly accused by multiple women of sexual assault, House Republicans on Friday voted overwhelmingly to approve another $3 trillion in tax cuts for the wealthiest Americans just weeks before the November midterms.

“In less than a year, House Republicans have handed out trillions of tax cuts for the wealthy and big corporations. Now, middle class families are on the hook for higher healthcare costs, and Medicare and Social Security on the chopping block.”

—Rep. Richard Neal

“Today the GOP doubled down on last year's giveaway to the donor class known as the Tax Cuts and Jobs Act,” Morris Pearl, chair of the Patriotic Millionaires, said in a statement following the 220-191 vote. “Tax Cuts 2.0 gives nearly $3 trillion to the wealthiest Americans, and will become yet another excuse for Republicans to slash Medicare and Social Security.”

“In less than a year, House Republicans have handed out trillions of tax cuts for the wealthy and big corporations,” added Rep. Richard Neal (D-Mass.), ranking member of the House Ways and Means Committee. “Now, middle class families are on the hook for higher healthcare costs, and Medicare and Social Security on the chopping block.”

Three Democrats—Reps. Conor Lamb (Penn.), Jacky Rosen (Nev.), and Kyrsten Sinema (Ariz.)—voted for the GOP-crafted measure, which would permanently extend the individual tax cuts under the current Republican tax law.

According to the an analysis by the nonpartisan Tax Policy Center (TPC), the House GOP's measure—which progressive critics have denounced as “Tax Scam 2.0″—would send the vast majority of benefits to the very top.

“The richest one percent of filers would see an average tax cut of $40,000, while those in the middle 20 percent of earners would see an average cut of $980,” the Washington Post noted in a summary of TPC's findings.

 ”The American people are already paying too high …read more

Source: ALTERNET

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