‘Deep Six’ Republican Superrich Sequel
Washington, D.C.— Today, U.S. Congressman Lloyd Doggett (D-Texas), Ranking Democrat on the House Ways and Means Tax Policy Subcommittee, issued the following statement after the Republican “Big Six” released a joint statement on taxes. Rep. Doggett said:
“Despite ongoing problems with their first tax cut for the superrich that masqueraded as health care repeal, Republicans are already preparing the sequel of ‘borrow and tax breaks’ for those at the top. Any tax plan from the self-styled ‘big six’ widening income inequality and borrowing from abroad to reward large multinationals and the superrich should be ‘deep sixed.’
“With today’s press release, Republicans are only throwing out the welcome mat for the Koch Brothers’ gathering next Wednesday in Washington. Their network will be launching a multi-million dollar push to jam through another round of tax breaks.
“By finally abandoning their ill-advised border adjustment tax, Republicans have created a trillion dollar hole in their plan. The claim that his multi-trillion dollar tax cut will pay for itself is as incredible as the claim that Mexico will pay for President Trump’s border wall.
“Republicans should have learned that hiding a bill under lock and key won’t make it more popular when the American people eventually see what’s in it. Yet six months into this Administration, the elements of the tax plan Republicans are willing to reveal don’t even take up a page. With millions worth of Koch money behind them, they seem determined to jam through their second tax break bill at the expense of middle class and working families.”