[Congressional Record Volume 164, Number 62 (Tuesday, April 17, 2018)]
[House]
[Pages H3383-H3384]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              GOP TAX SCAM

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute.)
  Ms. KAPTUR. Mr. Speaker, as certain as March 20 is the first day of 
spring, today, April 17, at midnight, is the tax filing deadline for 
2017 returns. Months after passing the $1.8 trillion deficit-busting 
tax giveaway, Republicans are still trying to sell their trickle-down 
tax scam.
  In fact, Republicans are so desperate to spin the tax scam that a 
GOP-sanctioned PAC group will spend $1 million on TV ads to convince us 
of what we know isn't true. The American people aren't buying it.
  Republicans' huge tax bonanzas to corporations and billionaires is 
not trickling down to the American people. It is billions of dollars in 
tax givebacks to major corporations, but 12 cents to the average 
worker.
  Instead of stuffing the tax scam with corporate giveaways, we should 
have closed the carried interest loophole, one of many promises 
President Trump made during his campaign and then broke. That loophole 
lets hedge fund managers pay a 20 percent tax on their investment 
profits instead of the 37 percent individual income tax.
  The Republican tax plan is pure greed, and we should reverse it at 
our first opportunity.

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