Washington, D.C. – U.S. Senator Bob Casey (D-PA) released the following statement regarding the latest tax plan put forth by congressional Republicans:
“Congressional Republicans have taken great pains to spin their tax scheme as great for the middle class, but a few marginal changes don’t change the fact that their plan is fundamentally a massive giveaway to the wealthy at the expense of the middle class. By eliminating key deductions like the deduction for state and local sales and income tax and the $4,050 personal exemption per family member, some middle class families in Pennsylvania could see their taxes rise while the super-rich get a windfall.
This proposal finances tax giveaways to the 1% while it eliminates the vital tax deductions to help middle class families adopt children and pay their medical bills. This Republican tax bill, which provides a $1.5 trillion tax cut for corporations, comes on the heels of passage just last week of a Republican budget which proposes cutting Medicare and Medicaid by the same amount, $1.5 trillion.
We need to reform the tax code for the middle class and small businesses, but the congressional Republican outline does the opposite, providing massive giveaways to the super rich and large corporations. Congressional Republicans should scrap this obscene plan and start over with a bipartisan process that raises incomes for the middle class and creates jobs.”