[Congressional Record Volume 163, Number 171 (Tuesday, October 24, 2017)]
[House]
[Page H8085]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
NEED TO REJECT TAX BREAK
(Mr. KILDEE asked and was given permission to address the House for 1
minute.)
Mr. KILDEE. Mr. Speaker, I think all Americans and certainly Members
of Congress agree that we need to simplify our Tax Code, make it easier
for middle class families to get ahead and to stay ahead.
Unfortunately, what we know about the Republican tax plan, as the
details begin to leak out, go in a different direction.
This is a tax break, a big tax cut for billionaires at the expense of
working families. According to the nonpartisan Tax Policy Center, a
family making $50,000 could see their tax bill increase by as much as
380 percent--less money to set aside for retirement, less money to set
aside for a child's education, less money to pay the bills that
families who struggle work hard every month to pay, in order to fund a
tax break for the wealthiest Americans.
5,400 families would get a $270 billion tax cut funded by increased
taxes on people who work hard every day just to make ends meet. Just
saying that this is tax relief for all Americans over and over again
does not make it true. The details actually matter.
This is a big tax break for the wealthiest Americans. People like the
Trumps and the DeVoses don't need more relief. We need to reject it.
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