Leaders of the House of Representatives on Nov. 2 unveiled their tax plan that would mostly benefit those who need help the least: wealthy individuals and large corporations.
Specifically, the House plan would:
It’s important to note that these corporate tax cuts would be paid for by deep cuts elsewhere – public education, health care, research, environmental protection, Social Security, housing, job training, social services, etc. In the Republican budget, two hugely popular programs, Medicare and Medicaid, would also be cut to fund these tax cuts.
Too many American workers have been suffering from stagnant wages, rising costs for health care and other essentials, and an economic system that favors the millionaires and billionaires. This plan does nothing to help them.
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