Congressman John Garamendi Statement on Passage of Republican Tax Scam Bill

Nov 16, 2017 Issues: Economy, Fiscal Responsibility

WASHINGTON, DC – Today, Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA) issued the following statement following the passage of the GOP tax scam bill:

“Under this bill, fat cats win and you lose. Half of the money from this $1.5 trillion tax scam go to America’s richest one percent. Meanwhile, taxes on the middle class will go up. Over 18,000 people in my district will no longer be able to deduct their medical costs. 128,000 of my constituents will be barred from deducting their state and local taxes. Graduates will be barred from deducting the interest on their student loans. And all of it is being done to allow multimillionaires, major corporations, and the Trump family to get a massive tax break.

“But it’s even worse than that. This tax scam will blow a massive hole in our deficit and trigger the automatic spending reductions mandated by the Budget Control Act. Because of this bill, we will be forced to cut $136 billion from programs such as Social Security, Medicare and Medicaid. This bill is a disaster that raises taxes on the middle class and cuts Medicare and Social Security to shovel even more cash to millionaires. It is an unconscionable violation of our moral values. I cannot understand how anyone, especially those who represent California, could vote for this bill.

“Franklin Delano Roosevelt once said that the test of our progress is not whether we add to the abundance of those who have much, it is whether we provide enough for those who have too little. This tax scam is a massive failure of that test.”