… House GOP Votes to Give Rich Another
$3 Trillion in Tax Cuts
With
the nation's attention rightly transfixed by the Senate GOP's monstrous efforts
to ram through a Supreme Court nominee who has been credibly accused by
multiple women of sexual assault, House Republicans on Friday voted
overwhelmingly to approve another $3 trillion in tax cuts for the
wealthiest Americans just weeks before the November midterms.
"Today
the GOP doubled down on last year's giveaway to the donor class known as the
Tax Cuts and Jobs Act," Morris Pearl, chair of the Patriotic Millionaires,
said in a statement following the 220-191 vote.
"Tax Cuts 2.0 gives nearly $3 trillion to the wealthiest Americans, and
will become yet another excuse for Republicans to slash Medicare and Social
Security."
Three Democrats—Reps. Conor Lamb
(Penn.), Jacky Rosen (Nev.), and Kyrsten Sinema (Ariz.)—voted for the
GOP-crafted measure, which would permanently extend the individual tax cuts
under the current Republican tax law.
According
to the an analysis by the nonpartisan Tax Policy Center (TPC), the House GOP's
measure—which progressive critics have denounced as "Tax Scam
2.0"—would send the vast majority of benefits to the very top.
"The
richest one percent of filers would see an average tax cut of $40,000, while
those in the middle 20 percent of earners would see an average cut of
$980," the Washington Post noted in a summary of TPC's findings.
"The
American people are already paying too high a price for the GOP's blatant
disregard for our families and our economy," Ryan Thomas of the Not One
Penny coalition said in a statement on Friday.
"This is yet another
shameful tax law that would swindle working families and siphon even more
funding from the programs that help our communities thrive—all in order to give
more tax breaks to millionaires and billionaires and wealthy
corporations."
"Today's
vote is yet another call for us to end the culture of corruption endemic in the
Republican Party," Thomas concluded. "The GOP believes they can
continue to put the wants of the wealthiest people and corporations above the
needs of the American people—but the American people are watching and we will
hold them accountable."