McCollum Floor Remarks Opposing House Republicans’ Tax Scam
Congresswoman Betty McCollum (DFL-Minn.) delivered remarks on the House Floor today in strong opposition to House Republicans’ tax bill, which increases taxes on many middle class families to provide giveaways to big corporations and billionaires. Video of Congresswoman McCollum’s remarks is available here. The full text is below:
Mr. Speaker, I rise today in strong opposition to Republicans’ tax scam.
The middle class receives virtually no benefit from this bill. In fact, many of my constituents will actually see a tax increase.
This bill hits middle class Minnesotans especially hard by dismantling the state and local tax deduction. It increases costs for college students and their families, it abandons adoptive parents, and it punishes people with high medical bills.
Why does this bill hurt hard-working families? So President Trump and Republicans can pay for a giveaway to the wealthiest Americans.
Big corporations and billionaires will see their taxes slashed. Wealthy heirs and heiresses will be allowed to dodge taxes entirely.
While the top 1 percent of Americans receives nearly half the tax cuts, 99 percent of us will be stuck with a federal debt that will explode by trillions of dollars.
Mr. Speaker, this Republican bill is not tax reform. It's not a good deal for the middle class. It’s a scam, plain and simple. I oppose it. We must defeat it.