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Neal Statement on Reports of Treasury Plan for $100 billion in Tax Cuts for the WealthyNeal Statement on Reports of Treasury Plan for $100 billion in Tax Cuts for the Wealthy

August 1, 2018
Press Release

SPRINGFIELD, MA – Ways & Means Committee Ranking Member Richard Neal (D-MA) today released the following statement after reports that the Trump Administration was considering bypassing Congress and granting $100 billion in tax cuts to wealthy:

 

“It appears nothing will get in the way of the Trump Administration’s quest to cut taxes for the ultra-wealthy, including exploding deficits and sagging public opinion. While American families are still awaiting their long promised $4,000 raise, the Trump Administration appears to be considering doubling down on their failed tax cuts for the well-off and well-connected. Such a move would be irresponsible, legally dubious, and add to the mountain of debt created by the first Republican tax cut. Any attempt by the Trump Administration to circumvent Congress and hand billions of dollars to the wealthiest Americans will be met with stiff and vocal opposition by Ways & Means Democrats.”

 

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