Fighting
the
GOP
Tax
Giveaway
Under
their
tax
plan,
President
Trump
and
Republicans
in
the
House
and
Senate
put
powerful
corporate
interests
before
their
constituentsplain
and
simple.
It
is
a
huge
giveaway
to
special
interests
and
the
uber-rich,
and
it
forces
millions
of
middle-class
Americans
to
foot
the
bill.
What’s
more,
this
legislation
adds
over
$1
trillion
to
our
national
debt,
and
Republicans
are
already
looking
to
slash
programs
like
Medicare
and
Medicaid
to
pay
for
this
corporate
giveaway.
Maryland
is
hit
particularly
hard
because
Republicans
have
decided
to
double-tax
families
who
currently
deduct
their
state
and
local
taxeswhile
still
letting
corporations
take
the
deduction.
I
brought
together
my
Senate
colleagues
in
Maryland,
California,
New
York,
and
New
Jerseythe
four
states
hit
hardest
by
the
Republican
tax
planand
we
sent
a
letter
to
the
House
Republicans
in
our
delegations
to
urge
them
to
oppose
a
bill
that
would
raise
taxes
on
their
own
constituents
to
fund
corporate
giveaways.
Sadly,
Republicans
in
Congress
have
made
it
clear
that
they
care
little
for
transparency
or
bipartisanship.
The
legislation
was
passed
in
the
dark
of
night,
and
the
final
500-page
bill
was
distributed
just
hours
before
the
vote.
Instead
of
holding
hearings,
meeting
with
experts,
and
discussing
this
bill
with
our
constituents,
the
Republicans
have
pushed
this
billlegislation
that
will
impact
our
economy
for
years
to
comethrough
the
Senate
with
little
regard
to
how
much
it
will
hurt
working
Americans.
This
is
what
we
do
know:
millions
of
middle-class
families
are
going
to
pay
more,
while
big
corporations,
rich
foreign
stockholders,
hedge
funds,
and
the
top
one
percent
get
a
massive
tax
giveaway
that
will
line
their
pockets
but
won’t
grow
paychecks
for
working
people.
Roughly
one-third
of
U.S.
corporate
stock
is
owned
by
foreign
investors,
and
the
corporate
tax
cuts
in
the
Senate
Republican
bill
would
deliver
a
$31
billion
windfall
to
these
wealthy
foreign
shareholders
in
2019
alone.
But
the
fight
isn’t
over
yet.
I
will
continue
to
fight
passage
with
every
tool
I’ve
got.
Over
the
last
month,
I’ve
heard
from
thousands
of
concerned
Marylanders,
and
I
urge
folks
here
and
around
the
country
not
to
let
up.
You
deserve
better. |