Republican Tax Law Shortchanges Workers & Our Economy

GOP Tax Law
Republicans enacted partisan legislation that provides massive tax breaks to the wealthiest while leaving middle-class families behind and adding trillions of dollars to the deficit.
Instead of working with Democrats on bipartisan, comprehensive tax reform, Republicans enacted partisan legislation that neither helps the middle class nor promotes fiscal responsibility.  Their tax law provides massive tax breaks to the wealthy and big corporations while raising taxes on everyone else after the first few years.  83% of the benefits of this law go to the wealthy and corporations; only 17% goes to working families.  Moreover, the GOP tax law contributes to raising the deficit by more than a trillion dollars every year for the next decade.
Republicans jammed their legislation through Congress without hearings or allowing Americans to provide input about how it shortchanges middle-class families.  Now that it has been enacted, everyone can see that it hasn’t dramatically benefited the middle class or small businesses and that it’s bringing further strain to our nation’s finances, which Republicans will use to justify slashing Social Security, Medicare, and Medicaid.
Democrats will continue working to promote the principles of fair, bipartisan tax policies that benefit the middle class and don’t explode the deficit.  Furthermore, as Republicans now turn to their plan to gut Social Security, Medicare, and Medicaid in order to offset the deficits their tax law created, Democrats will stand firm in defending these programs so they can benefit Americans today and in the future.
GOP Tax Law Related
President Trump’s FY2021 budget is replete with dangerous proposals that leave working families to fend for themselves in a changing and uncertain economy.  This budget makes the President’s priorities clear: the wealthiest Americans come first ahead of working Americans who are trying to get by and get ahead.
The President campaigned on numerous promises to the American people, and four years into his presidency, he is letting the American people down on pledge after pledge. Ahead of tonight’s State of the Union Address, here’s a look at what the President promised he would deliver to the American people and how he has fallen short with policies that put the wealthiest ahead of working families:
Tax cuts have never paid for themselves, but that’s not stopping the Trump Administration from repeating that falsehood over and over again. Today’s editorial from the New York Times calls out the Administration for repeatedly claiming that the GOP tax scam would not add to the deficit, even after they caused the deficit to exploded.
As we mark Tax Day, millions of Americans have been left behind by the Republican tax scam enacted last year.
…But can we all just disabuse ourselves of the notion of Republicans as fiscal conservatives now?
It’s tax filing season, and the American people are seeing the impact of the GOP tax scam in the form of smaller tax refunds.
We’re old enough to remember when Republicans said their tax scam would “simplify” the tax code.
Remember when Republicans said their tax law would spark a wave of business investment that would create jobs and raise wages?

President Trump: “TAX CUTS will increase investment in the American economy and in U.S. workers, leading to higher growth, higher wages, and more JOBS!” [Tweet, 12/16/17]

Remember when Republicans said their tax law was for the middle class? Here’s how that is holding up:
President Trump’s choice of Mick Mulvaney as acting Chief of Staff is a deeply troubling indication that he is choosing confrontation over compromise.
Remember when Republicans claimed their tax scam would create jobs and raise wages? Well, that’s clearly not the case. Corporations saw enormous tax windfalls from the GOP tax scam, but rather than use that money to create jobs, they are cutting workers. And after Americans overwhelmingly rejected that tax scam in the last election, Republicans are responding to that defeat by doing what?
Today, Congressional Republicans doubled down on their deeply unpopular GOP tax scam by passing a second round of tax cuts to benefit the wealthy.
In December, Republicans perpetrated one of the largest scams in history on American workers and small-business owners when they rammed through Congress a tax overhaul that raised deficits by $1.8 trillion and gave 83% of its benefits to the wealthiest 1% in the country. 
Another day, another story on Republicans abandoning their singular “legislative achievement” from two years of unified government.
This week, House Republicans are doubling down on their deeply unpopular tax law by bringing another tax cut for the wealthy to the House Floor for a vote
This week, I delivered a speech on reforming government and making it more responsive, representative, and effective for the people it serves.
Today, Ways and Means Republicans passed out of committee on a party line basis a second round of their dangerous tax scam, which would further bankrupt our children and grandchildren in order to provide even more tax breaks to the wealthiest in our country. 
Today, Republicans are marking up their tax scam 2.0, which is skewed toward the wealthy and will add an additional $3 trillion to the deficit.
Remember when Republicans claimed to be the party of fiscal responsibility?
After enacting a deeply unpopular tax law that overwhelmingly benefits the top 1% of Americans, while leaving the middle class behind and exploding the deficit, House Republicans are doubling down on many of the same policies so skewed toward the wealthy and adding another trillion dollars to the deficit in the process. 
For someone who claims to be a leadership maven, President Trump certainly gives the impression through his actions that he has no idea how to run an effective organization. 
Republicans promised a simpler tax code and massive wage gains from their tax law in December.  However, every week we learn of yet another way these promises are failing American workers, as wealthy investors reap the benefit of corporate stock buybacks while workers’ wages fall.
…but we interrupt your afternoon coffees with a look at how Americans are faring under the GOP tax scam. While Republicans promised working families a $4,000 raise when they passed the law, workers’ wages fell for the second straight month in June and Politico reports today that CEOs are the ones benefitting from the law and receiving “eye-popping payouts.”
Republicans are literallygoing for broke” on their deeply unpopular tax cuts, exploding the deficit by trillions of dollars.