[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[House]
[Page H9588]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REPUBLICAN TAX PLAN BAD TAX POLICY
(Mr. DEUTCH asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. DEUTCH. Mr. Speaker, the Republican tax plan that provides
massive, permanent tax cuts to the largest corporations and tax
increases for millions of middle class Americans is bad tax policy.
Let's be honest about what it does. This $1.5 trillion tax cut will
trigger cuts to domestic programs in the amount of $150 billion every
year, including $25 billion in cuts to Medicare, with 55 million
Americans who rely on it being put at risk if this bill becomes law.
Mr. Speaker, it is bad enough that this tax policy favors the largest
corporations over middle class Americans, but to effect these kinds of
massive cuts by tricking the American people in order to try to do it
is shameful.
We have to defeat this bill, prevent these massive cuts, and protect
the 55 million Americans on Medicare from a $25 billion cut.
____________________