House Republicans have passed a grotesque tax giveaway to the richest 1 percent that will only exacerbate America’s biggest economic and political problem: the massive income inequality that inhibits broad-based growth and is leaving more and more Americans out of the middle class.
What’s more, the Republican tax bills squander essentially all the money needed for investments that would actually grow the economy to the benefit of all Americans; namely, rebuilding our antiquated infrastructure to be competitive in the digital economy.
Republican Senators have replicated these mistakes in legislation that has passed the tax-writing Finance Committee, adding repeal of a key element of the Affordable Care Act, to boot. They have now pledged to push the bill through the full Senate as early as this week and into an expedited conference with the House to be signed into law by Trump before Christmas.
Continue reading on The Hill.
