Napolitano Votes NO on GOP Tax Scam Bill
(WASHINGTON, DC) Today, Rep. Grace F. Napolitano (D-El Monte) voted against the Conference Report to H.R. 1, the Republican tax scam bill, issuing the following statement:
“Republicans just raised taxes on my constituents and millions of hardworking families. Under the guise of a middle-class tax cut, their bill is a giveaway to corporations and the wealthiest people in America. They promised fairness, but their bill treats working families differently than the wealthy. While the reduction for individual tax rates expires in 2025, the rate on corporations is reduced permanently from 35% to 21%.
“The tax scam bill harms San Gabriel Valley residents by limiting the State and local income and property tax deduction to $10,000 and capping the mortgage interest deduction on home loans. It eliminates the individual mandate in Obamacare, which will result in 13 million Americans no longer having health insurance, at a time when more than 100,000 new consumers are enrolling in plans through Covered California for 2018. It explodes the debt by $2.3 trillion, which under the current budgetary PayGo rule paves the way for a $25 billion cut to Medicare next year as well as painful cuts to other vital programs that help working families.
“My constituents were not fooled by Republicans, which is why the overwhelming majority have called and written, making clear their strong opposition to this tax scam. They know the bill jeopardizes critical funding for local transportation, law enforcement, firefighters, and schools—all the things on which we rely and hold dear. This tax scam bill is shameful and must never become law.”
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