AUGUSTA, MAINE (November 2, 2017) – U.S. House Republican leaders released tax legislation today that would give large tax cuts to the wealthiest individuals and corporations and threaten core services for working families and seniors. In response, the Maine Center for Economic Policy’s policy analyst, Sarah Austin, released the following statement today:
“Congress Members may have made small changes to the Trump framework that was released last month, but the calamitous core principles of the House GOP’s tax legislation remain the same. This proposal is a major giveaway to millionaires, billionaires, and profitable corporations and does little to empower working families. What’s more, the unpaid for tax breaks for the wealthiest families and corporations put Maine families and seniors under threat as federal funding to education, roads, Medicaid, Medicare, and Social Security would be jeopardized in this and future years to pay for it.”
MECEP analysis of the Trump tax framework can be found here, and analysis of today’s House GOP legislation will be released soon.