[Congressional Record Volume 170, Number 114 (Wednesday, July 10, 2024)]
[House]
[Page H4578]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             TRUMP TAX SCAM

  (Ms. PORTER asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. PORTER. Mr. Speaker, 7 years ago, the trump tax scam let the 
largest corporations off the hook from paying their fair share of 
taxes.
  The Trump administration bogusly claimed that slashing the corporate 
tax rate would raise the average household's annual income by at least 
$4,000.
  Unsurprisingly, economists from the Joint Committee on Taxation and 
the Federal Reserve found that never happened. Seven years later, the 
bottom 90 percent of workers still haven't received higher earnings 
from the tax cut.
  Where did the extra money from Trump's tax changes go? Straight to 
the very tippy-top highest paid earners. They used them to line the 
pockets of their already wealthy executives and shareholders with $4.4 
trillion in stock buybacks and dividends. Congress must end this rip-
off.

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