STATEMENT: Rep. Khanna on Tax Bill Passage
Washington, DC – Rep. Ro Khanna, member of the House Budget Committee, issued the following statement in response to the tax bill passing the House by a vote of 227-203:
“This horrible Republican tax bill increases deficits by $1.5 trillion over ten years that favors corporations and the wealthiest Americans, while doing nothing for the middle class. 53% of taxpayers will pay more tax in 2027 than they do today. Compare that to the top 1% who will receive 83% of the gains in 2027, with the top 0.1% getting 60% of those benefits. This is flawed policy that will increase income inequality in our nation even further. In my state of California, not to mention the rest of the country, families will be forced to pay taxes twice on much of their income by scaling back their ability to write off state and local taxes.
“I will continue to fight in Congress for legislation that helps working families, like the GAIN Act, my bill with Senate companion Sen. Sherrod Brown, that roughly doubles the earned income tax credit for working families and increases the credit for childless workers almost sixfold. I am disappointed that the tax bill demonstrates Republicans think it’s better to serve the interests of the very wealthy than everyday people.”
About the Office
Congressman Khanna represents the 17th District of California, which covers communities in Silicon Valley. Visit his website at khanna.house.gov. Follow him on Facebook and Twitter @RepRoKhanna.
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Khanna Press Office: 202-225-2631