Engel: New York is "Getting Screwed" by the GOP Tax Scam

Engel: New York is "Getting Screwed" by the GOP Tax Scam

Washington, D.C. – Congressman Eliot Engel, a top member of the House Energy and Commerce Committee, issued the following statement on House Republicans voting to pass the GOP tax reform plan:

“There’s no other way to say it: New York is getting screwed by the tax scam Congressional Republicans passed today. This bill will be painful for middle-class taxpayers, who will see their taxes increase, while permanent tax cuts go to the very wealthy and big corporations. It explodes the deficit by adding $2.3 trillion to the national debt over the next 10 years, which in turn will lead to massive cuts in Medicare, Medicaid, education, transportation, Homeland Security and environmental protection. And it will eliminate the Affordable Care Act’s Individual Mandate, raising costs on middle-class families and increasing health insurance premiums by 10% per year, all while possibly leaving 13 million more Americans uninsured.

“Then there are the state and local tax (SALT) deductions, which are capped at $10,000 for individuals and families. This is where donor states like New York will be hit disproportionately hard, as many New Yorkers would in effect be taxed twice on some of their income. The result would hit middle class families hard while simultaneously putting tremendous pressure on states and localities to use fewer resources to continue providing essential public services like education, local law enforcement, fire fighters, road construction and maintenance.

“Everything about this bill, from the process that froze out Democrats to the actual text of the legislation, is disgraceful. The American people should not forget this Republican betrayal come the 2018 mid-term elections.”