STATEMENT: Congressional Republican Leaders Willing to Explode the Deficit for Millionaires, Billionaires, and Wealthy Corporations, Says CAP’s Neera Tanden
Washington, D.C. — Neera Tanden, president and CEO at the Center for American Progress, released the following statement today after the U.S. House of Representatives approved the fiscal year 2018 budget resolution, which was passed last week by the U.S. Senate:
Having failed to snatch health care from millions of Americans, President Donald Trump and Congressional Republican leaders have evidently decided that their only remaining opportunity to satisfy their donors is to sacrifice what remains of their values by advancing a budget resolution that explodes the deficit for the sake of massive tax cuts for the rich. As Congressional Republican leaders are now openly admitting, these tax cuts will pave the way for deep cuts to Medicare, Medicaid, education, and other middle-class priorities.
It’s nothing short of absolute hypocrisy that Speaker of the House Paul Ryan (R-WI), Congress’ foremost deficit hawk, has gladly advanced a budget that fails to grow the economy and create jobs; fails to expand education and job training opportunities; and gives away the Arctic Refuge to the oil and gas industry but instead clears a path for massive tax cuts for millionaires, billionaires, and corporations. Working- and middle-class Americans, sadly, will pay the price.
- Supply-Side Follies: Wasteful Tax Cuts Will Not Boost the Economy by Christian E. Weller
- This Is How Much Average Americans Will Pay for Trump’s Tax Cuts for the 1 Percent by Rachel West, Katherine Gallagher Robbins, and Melissa Boteach
- The Facts on Tax Reform Series by Alexandra Thornton and Seth Hanlon
- For the Cost of Repealing the Estate Tax, Congress Could Buy Everyone in America a Pony by Rachel West and Harry Stein (TalkPoverty)
- Arctic National Wildlife Refuge 101: Protecting America’s Last Great Wilderness from Being Sold Out for a Congressional Tax Scam by Matt-Lee Ashley and Jenny Rowland
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