Expressing Support for Tax Policies That Support Working Families
Floor Speech
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Ms. MOORE of Wisconsin. Mr. Speaker, I thank the gentleman from California for yielding.
I will tell you, I have never celebrated tax day until today because I have the distinguished opportunity to comment on the one big, ugly billionaire's bill. It is the gift that keeps on giving because I get to talk about how much this tax bill fails to deliver on its promises.
Most glaringly, Republicans have promised that the average tax refund would increase by over $1,000. Not so much. In fact, refunds are 65 percent less than promised. Refunds are nowhere near enough to cover the additional costs that Americans are facing because of other failed Republican policies.
Even considering the crumbs from the American table that Republicans have tossed to working families, this pales in comparison to the increased costs of healthcare, food, utilities, gasoline, and almost every product.
Then, on top of all of this, Americans are facing the $1.2 trillion cuts in Medicaid. They see their hospitals in urban areas and rural areas closing because of it. Food assistance has been cut by $187 billion.
As we mark tax day this year, one thing is really clear: Republicans have oversold their legislative accomplishment and riddled it with gimmicks for working-class Americans while brandishing massive giveaways to millionaires and billionaires.
Mr. Speaker, Republicans gave millionaires a tax cut that is 390 times the size of what they gave to workers and families making less than $50,000.
What about the no tax on tips and no tax on overtime, they say? Number one, it is a temporary benefit that is going to expire as soon as you reelect them. Secondly, it is a gimmick because it is not a total exemption. It phases out, and there are much smaller redemptions in tax liability than people are expecting.
Let's be clear. The people who benefited most from the Republican tax bill do not get tips. The one big, beautiful bill for billionaires made the benefits for billionaires permanent and made no tax on tips temporary.
Republicans are so well known to be good at messaging, but this time, they can't message their way out of reality. American families are feeling the pain every single day.
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