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Jayapal: “GOP Tax Plan A Dream Come True for Corporations”

WASHINGTON, D.C. – Today, Congresswoman Pramila Jayapal released the following statement in response to the House Republican tax plan:

“The plan released by the Republican leadership is nothing but a dream come true for the biggest corporations. It will further destroy the middle class by giving huge tax breaks to wealthy Americans on the backs of working people.

“Corporate profits currently sit at historic highs and the effective corporate tax rate in the U.S. is one of the lowest in the entire world. In spite of that, Republicans want to lower corporate taxes by 15 percent, add trillions to the deficit and reward big business by giving special perks to those who ship jobs overseas.

“On top of all this, the GOP is working to give a handout to the 5,400 wealthiest families across the country in the form of estate tax repeal. For a party that claims to be against so-called government handouts, they seem to have no problem giving everything we’ve got to big business and the super-rich.

“These giveaways come at the expense of programs that help American families get by, but this plan comes as no surprise. It is everything you’d expect from the party that is deep in the pocket of millionaires, billionaires and corporations. It’s up to all of us make tons of noise and defeat it, just as we defeated the GOP’s efforts to transfer wealth to the richest by stripping health care from the American people.”