Larson: Passing of the Senate Republican Tax Bill is Bad for the Middle Class, Bad for Connecticut

Washington, D.C. – Today, Rep. John B. Larson (CT-01) released the following statement after the U.S. Senate passed the Republican tax plan in a partisan, 51-49 vote.

"The Senate Republicans' tax plan provides the wealthy and corporations with large tax cuts at the expense of the middle class, just to achieve a political win. This hastily written bill has been jammed through with little opportunity to be scrutinized by the American public that will be directly harmed by its provisions. According to multiple non-partisan analyses, it fails to create the levels of economic growth that Republicans have promised and would blow a $1 trillion hole in the deficit. The red ink from this bill will lead to the fulfillment of the Republican's ultimate goal of cutting essential programs like Medicare, Medicaid and Social Security. To make a bad thing worse, the Senate GOP decided to also go after the health care coverage of millions of Americans in their tax plan, as it will lead to 13 million people losing coverage and driving premiums up 10 percent year to year according to the Congressional Budget Office," said Larson.

"The Senate plan, like it's House counterpart, is a massive redistribution of wealth from donor states like Connecticut that send more money back to the federal government than they receive back in services. Despite the analyses, economic data, and the history of what happens when you legislate according to the mythology of trickle-down economics, the Republicans forced this bill through despite it being bad for the American middle-class. It will not pay for itself as my Republican colleagues have espoused, rather it will be shouldered by middle class families, the elderly, sick and disabled. I will continue to fight this disaster of a bill."

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