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Perlmutter Statement on Passage of the House Republican Tax Bill
Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) released the following statement after the Republican tax bill passed the U.S. House of Representatives:
“This tax bill is just another example of how Republicans continue to stack the deck against hardworking Americans. At a time when we need to make critical investments in our infrastructure, housing, seniors and education, Republicans plan to explode the debt in the name of tax cuts for the wealthy.
“Using voodoo economics, Republicans are trying to justify, at best, a $1.5 trillion increase to the national debt. That equals almost $5,000 for every man, woman and child in the United States. And history has shown us these tax cuts do not trickle down to benefit the folks in the middle. Instead, hardworking families will face additional burdens. They will no longer be able to deduct student loan interest, medical expenses, or the full value of their mortgage interest all while having to drive to work or school on crumbling roads. Meanwhile wealthy individuals get to keep more of their money and companies increase their profits. This comes at a time when Coloradans are really starting to feel the effects of growth in our state with increased congestion and unaffordable housing. This is a terrible bill that will only hurt hardworking families in Colorado and across the country.”
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