Rep. Chu Statement on Passage of Republican Budget

Published : Thursday, October 26, 2017 | 11:17 AM

Rep Chu Statement on Passage of Republican BudgetToday, the House of Representatives narrowly passed the Senate-passed Republican budget for FY 2018. The budget includes reconciliation instructions for the Ryan-McConnell tax plan which will allow Republicans to pass tax legislation through the Senate with 51 votes, add $1.5 trillion to the deficit and cut vital programs. With the passage of this budget, Republicans are expected to introduce their tax plan next week, which will first be marked up by the Ways and Means Committee. Rep. Judy Chu (CA-27), a member of the Ways and Means Committee released the following statement:

“A vote for this budget was a vote to raise taxes on the middle class in order to pay for tax cuts for corporations and the wealthiest few. In fact, Republicans were so eager to begin debate on a tax plan without any bipartisan input that they abandoned any pretense of fiscal responsibility and voted to add $1.5 trillion to the deficit. This entire budget is a burden passed onto our children. Already, their immense cuts to domestic programs will weaken our country. And the economic growth Republicans need to justify their tax cuts and deficit spending is based on the fiction of trickle down economics. In reality, trickle down has been tried and has failed. Further, in addition to saddling the next generation with that burden, today’s working families are going to be worse off as well by having to pay for tax cuts that favor corporate special interests. This budget is bad for our government, bad for our families, and bad for the generations who will follow us.”

blog comments powered by Disqus