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Whitehouse to Budget Republicans: TrumpTax Would Devastate Economy, Explode National Debt to Benefit Big Donors

Statement

Date: Nov. 28, 2017
Location: Washington, DC
Issues: Taxes

This afternoon, Senator Sheldon Whitehouse (D-RI) delivered a forceful statement in opposition to the Senate Budget Committee's vote to advance a budget resolution that paves the way for major tax cuts for corporations and the wealthiest Americans, while raising taxes on many middle-class families.

"Instead of doing our job as the Budget Committee and recommending policies to address the $20 trillion national debt, today's exercise was to rubber-stamp partisan legislation that the CBO has warned would grow our national debt by $2 trillion in the first decade alone, including borrowing costs," Whitehouse said. "Why again are we meeting today in this bizarre procedure to ram through this terrible bill? As one Republican Member of the House put it, and I'm quoting here, "My donors are basically saying, Get it done or don't ever call me again.' It's as simple as that. Republicans are pushing a tax bill that will hurt our economy and explode the national debt for the sake of big donors."


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