Congressman Krishnamoorthi On House Passage Of GOP Tax Plan: “House Republican Egos Just Wrote A Check The Middle Class Shouldn’t Have To Cash”
WASHINGTON, DC – Congressman Raja Krishnamoorthi issued the following statement in response to today’s passage of the GOP tax bill.
“House Republican egos just wrote a check the middle class shouldn’t have to cash. The tax bill Republicans just jammed through would add nearly $1.5 trillion to the national debt while raising taxes on working families, and destabilizing our health care system by leaving 13 million more Americans without insurance – including 2 million who currently have employer-provided coverage. This legislation is a ticking tax bomb: millions of middle-class families could see their taxes increase over the next decade as state and local tax deductions and other middle-class provisions get dramatically scaled back. Health insurance premiums will jump by 10 percent per year, and massive additional debt will be piled on the backs of our children and future generations.
Working families and small businesses are the heart of our country, and House Republicans just passed legislation that brings them nothing but tax increases, higher insurance premiums, and massive debt.”