Oppose the #GOPTaxScam - and delay any votes until Senator-elect Jones is seated

Trump-tax-returns
The House has passed the #GOPTaxScam again after a conference committee report, but we can still stop it in the Senate. Contact your senators now!

And the GOP should not hold a vote on this legislation until newly-elected Alabama Senator Doug Jones is seated. You simply need to look to 2010 as a precedent for delaying the vote on the GOP tax bill until Jones is officially in the Senate. In that case, Republican Scott Brown was sworn in 16 days after the election - during heated debate on The Affordable Care Act - and no major votes occurred during that period until he was able to vote. Democrats agreed that this was fair then - and the GOP should do the same now.

The conference report that just passed the House is nothing more than a massive tax cut for millionaires, billionaires and big corporations that will be paid for by middle class and struggling families. As the health care fight clearly demonstrated, Republicans will pay for these tax cuts by reducing funds to Medicaid, Medicare, Social Security, education and other priorities that Americans care about.

And as if this bill was not bad enough, the Senate GOP even added a repeal of the Obamacare individual mandate in yet another attempt to destroy the Affordable Care Act.

The GOP tax bill pretends to benefit the middle class. Instead:

- Terminates important tax deductions and credits that middle class families rely on in order to cut taxes for the wealthy and large corporations. Here's the full list:

* No more deduction for tax prep
* Eliminates deduction for student loan interest
* Goodbye to employers helping employees with childcare tax free
* No more deductions for medical expenses
* Lower mortgage tax deduction
* No more State and local income tax deduction

- Cuts the corporate tax rate by 15% at the very same time that Fortune 500 CEOs have said that they will not use these new breaks to create the jobs that Trump and Republicans are promising.  

- Makes international tax policy changes that threaten good-paying jobs with the outsourcing that Trump promised to stop, and it ends the domestic manufacturing tax credit.

- Raises the top tax rate on the working poor, from 10% to 12%.

- Cuts-off one of the main tax breaks for families in this plan - the benefits from which are already negated for many by new costs imposed elsewhere in the proposal - after 5 years, while the corporate tax cuts in the bill become permanent, and the estate tax, which only applies to people with $5.4 million or more, would be repealed altogether.

- It would slash the top tax rate for those making more than $400,000 per year— cutting taxes for millionaires by an average of $40,000 every year

- It would include a new tax loophole for Donald Trump himself—cutting the top rate on “passthrough” income from 39.6% to 25%

- Note 1: “Passthroughs” are businesses that don’t pay the corporate income tax, such as partnerships, LLCs, and S corporations.

- Note 2: Small businesses would not benefit at all from a 25 percent passthrough tax rate because 92 percent of all passthrough businesses already fall in the 25 percent tax bracket or lower. The only businesses that would benefit would be huge hedge funds, lobbying and law firms, and real estate firms like the Trump organization.

- And the bills actually raise the lowest tax rate, and potentially eliminates many tax provisions benefitting families. Many low- and moderate-income families could see a tax increase, all to pay for tax cuts for corporations and those at the top.

If Congress really wanted to help the working class, they would reject policies that put their millionaire and billionaire friends first and instead invest in jobs. They would support critical, job-creating investments in our roads and bridges, education, and research and development. They would support direct investments in the communities suffering from job loss. They would expand, no cut, investments in basic living standards like healthcare, food and housing.