Pallone Statement on GOP Tax Scam

FOR IMMEDIATE RELEASE
December 19, 2017


Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) released the following statement on the GOP tax scam being passed through the House of Representatives.

“Today, Republicans sacrificed the well-being of their constituents and the country to jam through a so-called political victory. It is our responsibility as Members of Congress to fight for all Americans, not just the wealthy, and the GOP Tax Scam leaves behind millions of working families.

“A recent Tax Policy Center study found that 86 million middle class households will see their taxes go up as a result of the bill. Meanwhile, 83% of the supposed benefits of the bill will go the top 1% of the wealthiest of Americans. And by repealing the individual mandate the bill will also spike health insurance premiums and leave 13 million more uninsured. My Republicans colleagues should be ashamed for so clearly favoring the wealthy over the middle class.

“The GOP Tax Scam is especially disastrous for New Jersey. Limiting the State and Local Tax deduction is simply unacceptable given the tax burden already facing New Jerseyans. New Jerseyans contribute more than their fair share in tax payments to the Federal government and I am outraged that my constituents will be slammed by this careless legislation.

“Republicans have already implied that they will seek cuts to programs like Medicare to make up the $1.5 trillion cost of the GOP Tax Scam. Seniors have paid into and earned their Social Security and Medicare benefits. They should not face drastic cuts because Republicans want to slash tax rates for large corporations and the wealthiest of Americans. I will continue to stand up for seniors and working people who are being abandoned in favor of giveaways to millionaires, billionaires, and multinational corporations.”