The Rich Get Richer: Why the Senate Tax Bill Is a Total Sham
The Senate Republican tax plan would provide enormous, permanent tax cuts to high-income households and corporations – all while adding at least $1.5 trillion to the deficit. And to pay for its permanent tax cuts for corporations, the bill would raise taxes on many middle-income families and repeal the Affordable Care Act’s individual mandate, increasing the number of uninsured Pennsylvanians by 505,000 and raising individual market premiums nationwide by 10 percent. Congressional Republicans’ skewed and fiscally irresponsible tax plan would raise taxes on many middle-income families and drive up health insurance premiums to pay for permanent corporate tax cuts. The tax plan would fail Pennsylvania’s families and economy. The House passed its bill on November 16. Senate Republicans are moving quickly to ram through their tax bill the week after Thanksgiving and work with the House to send a final bill to President Trump by the end of the year.… Continue reading