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Rep. Lieu Statement on Trump's Tax Plan

Statement

By: Ted Lieu
By: Ted Lieu
Date: April 26, 2017
Location: Washington, DC
Issues: Executive Branch Taxes

Today, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding President Trump's proposed tax plan.

"I can explain in one word why the Trump tax plan and Trumpcare are both disasters: math. No matter how hard the President and Republicans spin it, 2 + 2 will never equal 5."

"Despite this mathematically impossible spin, a cold, hard fact remains: the Trump tax plan does not pay for itself. It doesn't even come close. America is a great nation, but we haven't yet discovered magic. In the real world, the rules of math always apply. Instead of paying for itself, the Trump tax plan - particularly it's slashing of the business tax rate to 15% without offsetting revenue increases - will blow a "bigly' hole in our nation's budget, federal deficit and federal debt."


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