Republican tax plan will hurt Ohio families
Posted December 20, 2017 in Press Releases
The U.S. House of Representatives and Senate today finalized and passed the Republican tax bill. Ohio’s delegation voted along straight party lines. Amy Hanauer, Executive Director of Policy Matters Ohio, released this statement:
“Ohio’s Republican Congressional delegation chose to hurt Ohio families today with a tax scheme that adds $1.5 trillion to our deficit, forces devastating cuts to key parts of what America provides to our people, and ultimately increases taxes for many Ohio families. The scheme slashes taxes for the wealthiest and large corporations that are increasingly not located in Ohio.
“Over the course of the 20th century, America enacted major policy initiatives that opened opportunity, dramatically increased education, and created the globe’s first middle class. This week’s action hacks away at those essentials that served us so well. The ability to get a good public education, the opportunity to go to college, the assurance of help with basic needs when faced with hunger or disability – these are undermined by this bill. Republicans are already admitting they will slash Medicare, Medicaid and Social Security, to pay for the cuts.
“By 2027, many Ohioans who earn less than $100,000 will see increased taxes or tiny decreases as a result of this destructive tax bill. The richest 1 percent of Ohioans, earning more than $658,000 a year, will get an average cut of more than $47,000 in the first year of this plan. The plan slashes corporate tax rates and doubles to $22 million the inheritance that Donald Trump’s children can receive without paying a penny in taxes. It will increase inequality and cut off access to the middle class.”
Ohio Members of Congress voting for the destructive tax bill this week included: Representatives Steve Chabot, Brad Wenstrup, Jim Jordan, Robert Latta, Bill Johnson, Bob Gibbs, Warren Davidson, Michael Turner, Pat Tiberi, David Joyce, Steve Stivers and Jim Renacci. Representatives voting against the bill include: Representatives Joyce Beatty, Marcy Kaptur, Marcia Fudge, and Tim Ryan.
Sen. Rob Portman voted for the destructive bill. Sen. Sherrod Brown voted against it.