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Higgins: GOP Tax Bill is a Massive Giveaway to Corporate America

Nov 30, 2017
Press Release
Senate Vote Expected This Week, House to Vote on Conference Bill Early Next Week

As GOP leaders speed closer to passing tax legislation, Congressman Brian Higgins (NY-26) warned of the impact the bill will have on higher education and healthcare in America:

“Mr. Speaker: The President said yesterday that these massive tax cuts for corporate America will be rocket fuel for the economy. Rocket fuel for Corporate America and the Trump Empire certainly, and a rocket-fueled hit through the heart of middle America for sure.

“If you are in college and you are trying to become better and self-sufficient, to thrive in the global economy, you’re getting a big tax hike.

“If you have a medical illness you were born into, and your costs exceed your insurance coverage, you’ll be getting a big tax hike.

“If you’re one of 13 million Americans to lose your healthcare coverage, and the millions more who will see their premiums explode because Congressional Republicans needed another $300 billion for their deficit-exploding corporate tax cuts, you’ll be taking a big hit on top of a big tax cut.

“Mr. Speaker, this tax cut bill is a massive takeaway from middle America and a massive giveaway to corporate America.

“The deficit will rise by $1.5 trillion and both the Congressional Budget Office and the Joint Committee on Taxation confirm that in less than 10 years that Americans making between $40,000 and $50,000 will pay $5.3 billion more in taxes.”