GOP Tax Plan Offers Nothing to Most Texans

(Press Release) Following the release of the House Republicans’ new tax proposal, Ann Beeson, Executive Director of the Center for Public Policy Priorities, released the following statement:

“The House GOP tax scheme released this week is an expensive new giveaway to wealthy households and major corporations at the expense of low-and middle-income families. It offers nothing to most Texans and would actually hurt many low- and middle-income families.

“The plan will add at least $1.5 trillion in debt. To pay for it, some Republicans in Congress have made clear they will try next year to cut everything from food assistance for struggling families to education and health care. Worse still, by shifting new costs to states, the plan would put more pressure on the Texas budget, likely causing even more cuts to education, transportation, and other programs Texans count on.

“Texans in Congress should reject the House GOP tax bill. Instead of tax cuts that help those who need it the least, our Congress members should work to advance tax policies that invest in working families while ensuring that tax cuts are paid for by closing tax loopholes.”