Crist: Tax Reform Plan ‘Gives Away the Store to the Wealthiest Few’
A Republican tax reform plan passed the U.S. House of Representatives today.
WASHINGTON, DC – U.S. Rep. Charlie Crist, D-St. Petersburg, criticized a tax reform plan passed 227-205 in the U.S. House of Representatives today (Nov. 16).
The House plan must be aligned with a tax reform proposal working its way through the U.S. Senate Finance Committee.
The plan seeks to enact $1.5 billion in tax cuts for businesses and individuals but has been sharply criticized for including cuts to Medicare, and the elimination of many popular deductions, including those for state and local taxes and for medical expenses. The nay votes included 13 Republicans. No Democrats voted in favor of it.
Crist said that, in Florida, more than a million middle class families would see their taxes go up under the plan, which also cuts Medicare by $25 billion and increases the national debt by $1.5 trillion.
Crist’s full statement:
“I hoped we could have real bipartisan tax reform, but the plan produced by House Republicans fails to meet the needs of folks in Pinellas County. Falling short of the pro-growth reform needed to bolster our middle class and Main Street, this plan gives away the store to the wealthiest few and biggest corporations while raising taxes on many hardworking families and small businesses. Floridians will be hit particularly hard by the elimination of deductions for medical expenses and hurricane damage. The current plan also breaks our promise to seniors, cutting $25 billion from Medicare, and fails the fiscal responsibility test with a price tag of $1.5 trillion in new debt that taxpayers will eventually have to pay for. This is not true tax reform – and the American people know it.”
Crist represents Florida’s 13th Congressional District, which includes south and mid-Pinellas County.
For information about Crist, go to crist.house.gov.
Charlie Crist | Tax Reform | Taxes | Tax Deductions | Politics | Tampabay News
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