Rep. Doggett: Republicans are Convinced Donald Trump is the Golden Ticket to Getting their Holy Grail

Statement

Date: Nov. 6, 2017
Location: Washington, DC
Issues: Taxes

Today, Congressman Lloyd Doggett (D-TX), Ranking Member of the House Ways and Means Tax Policy Subcommittee, called the Republican tax bill (H.R. 1) a "job killer" and urged Americans to learn more and speak out against it. A portion of Rep. Doggett's remarks in Committee are below and a link to his full remarks follow:

"There is no wrongdoing in which Donald Trump can engage, no insult, no attack on our justice system or our law enforcement, no endangerment of our security, that will cause many of our Republican colleagues to say "enough' or to speak out about that wrongdoing, because they are convinced that Donald Trump is the golden ticket to getting their Holy Grail. If the American people continue to study the impact of this bill, and speak out, then this great harm can be prevented.

"The multinational corporations are not going to be filing their tax returns on a postcard. Under the international provisions of this bill, they have an incentive to build their factories abroad. We are going to see the export of even more American jobs and the outsourcing of those jobs to other countries. This bill basically is a job killer. Its underlying premise -- that if you throw enough money to those at the top, it will trickle down and grow the economy -- has been refuted by almost every economist that has looked at that, including Goldman Sachs. It is essential that we not outsource more American jobs, that we not burden this generation and future generations with more debt."


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