November 08, 2017

Van Hollen Statement on Senate GOP Tax Plan

U.S. Senator Chris Van Hollen issued the following statement today after Senate Republicans released the framework of their tax plan:

"After House Republicans rolled out a tax plan that puts millionaires and big multi-national corporations first, I didn't think it could get worse. Yet Senate Republicans have put together a plan that hits millions of working families in Maryland and across the country even harder. The GOP wants people to think this plan will help folks in the middle, claiming that no one in the middle class will see a tax increase. That's dead wrong, and the people we represent deserve to know the truth.

"This is a huge giveaway to special interests and the uber rich, financed by raising taxes on millions of middle class Americans and adding $1.5 trillion to the national debt. Unbelievably, Senate Republicans have made things even worse for tens of millions of Americans who currently deduct their state and local taxes - including almost half of all Maryland taxpayers. It's an amazing double standard. If you're a corporation in the state of Maryland - or any other state - you get to deduct your state and local taxes and your expenses. But if you're a working family -- sorry, you're out of luck.

"This Republican plan, crafted in the dark, now has a spotlight on it - and the American people are watching. The consequences are clear: millions of middle class families are going to pay more, while big corporations, hedge funds, and the top 1 percent get a massive tax giveaway that will line their pockets and explode the national debt, but won't grow the economy or create jobs."