Doyle Votes Against Republican Tax Bill

Washington, DC – U.S. Representative Mike Doyle (D-PA-14) released the following statement after the House voted 227 – 203 today to approve the final version of H.R 1, the GOP’s $1.5 trillion tax bill.

"I voted against the Republican bill cutting more than a trillion dollars in taxes for corporations and the rich – and putting the burden of paying for it on the middle class, the poor, and our grandchildren.
 
"Under the GOP tax bill, more than 80 percent of the cuts will go to households making more than $5 million a year. That’s no Middle Class tax cut.
 
"But there are many other reasons behind my vote against this misguided bill:
it will actually raise taxes on most Middle Class households after a few short years, with more than half of all taxpayers - 86 million households - paying more;
it won’t raise wages; 
it gives a new tax break to corporations for shipping US jobs overseas; 
it will cause a $25 billion cut in Medicare next year; and
it will cause federal budget deficits to explode, increasing the national debt by more than $1.5 trillion. 
 
"Enactment of the Republican tax bill will leave most households worse off in the long run. Their tax cuts will be replaced with tax increases, and Republicans plan to use the increased national debt as justification to cut programs like Medicare and Medicaid that most Americans rely on. 
 
"Moreover, rather than providing the greatest tax relief to families who need it the most – who will pump that money right back into the economy – the GOP tax bill provides the lion’s share of its tax cuts to corporations and the households that are the most well off. 
 
"This tax bill is a scam perpetrated on the American People by Republicans in Congress and the White House. When the American People discover what this bill really does, they will hold those who are responsible for it accountable.
 
"I will continue to work in Congress to curb these unsustainable giveaways to corporations and the rich – and to redirect federal resources to the millions of families who are struggling to get by. They’re the ones who need and deserve tax relief and adequately funded federal programs like Medicare and Medicaid."
 
###