Wyden statement on Republican tax reform plan

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement in response to the so-called “Big Six” tax reform framework:

“If this framework is all about the middle class, then Trump Tower is middle-class housing,” said Wyden. “It violates Trump’s tax pledge that the rich would not gain at all under his plan by offering sweetheart deals for powerful CEOs, giveaways for campaign coffers and a new way to cheat taxes for Mar-a-Lago’s loyal members. This continued lack of detail for the middle class guarantees that average Americans will be the ones hit with shrinking paychecks and higher tax bills.

“Meanwhile, Senate Republicans have shaken hands on a deal that pays for tax cuts for the ultra-wealthy and multinational corporations by gutting Social Security and Medicare. Just yesterday Republicans were proposing to slash Americans’ health care because the country couldn’t afford it. Now they’re proposing to give trillions of dollars in tax breaks to the fortunate few at the expense of the vulnerable many.

“Senate Democrats remain steadfast in calling on Republicans to drop their failed partisan process and work together on a tax bill that puts hundreds of dollars into each middle-class paycheck, brings red, white and blue jobs back to America and is fiscally responsible. This will give more families the opportunity to save for retirement, and pay for college, housing and health care.”

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