Republican Tax Cut Legislation
On Thursday, November 2, House Republicans introduced H.R. 1, their bill to cut taxes for the richest Americans on the backs of working and middle-class families, students, and seniors. This plan affects every American, and I have heard from constituents across Metro Atlanta who are worried about what this plan means for them and for our country.
This tax plan has roots in H. Con. Res. 71, the Fiscal Year 2018 budget resolution passed by the Congress on October 26. This budget resolution directs Congress’ two tax committees – the House Ways and Means Committee, on which I serve as a senior Member, and the Senate Finance Committee – to develop tax legislation. Unfortunately, it also directs other committees to develop deep, harmful cuts for key domestic and safety net programs, including Medicare, Medicaid, and Social Security.
I share my constituents' concerns about ensuring equity and fairness in our tax code. This bill does not pass that test. Republicans have proposed serious changes to important tax credits and deductions.
SENATE: Senate Finance Committee Markup Resources → Senate Floor Debate