Congressman David Price (D-NC) Issues Statement on House GOP Tax Plan
WASHINGTON, D.C. (Nov. 2, 2017) – On Thursday, November 2, Congressman David Price (D-NC) issued the following statement upon release of the House Republican Tax Plan.
“Today, House Republicans released a tax plan that raises taxes on millions of middle class families, slashes taxes for large corporations and the wealthiest earners, and adds more than $1.5 trillion to the national debt. By every measure, the GOP tax plan is borrowing from the future to benefit corporate interests and the well-connected.
The plan would eliminate or curtail deductions for student loan interest, state and local taxes, and medical expenses to pay for tax cuts for millionaires, while working-class families will be lucky to break even. In 1997, I authored the original bipartisan provision allowing individuals to deduct the interest on their student loans, including thousands in North Carolina. At a time when student loan debt is at an all-time high and wages remain stagnant for many, provisions like these provide relief for working families
Rather than rushing a severely flawed tax plan through Congress without hearings or deliberation, President Trump and Republicans in Congress should be working with Democrats to create a tax system that puts the middle class first and strengthens our economy for the long term.”