“I’m incredibly disappointed to see the House pass this bill. I support tax reform that helps our small businesses and working families, but this is not that kind of plan—not by a long shot.
“For the wealthiest of the wealthy, the tax cuts under this bill get bigger and bigger every year, while they get smaller and smaller for everyone else. At the end of 10 years, many middle-class Mainers will actually be paying more in taxes. And for some, the harmful impacts will come immediately, in the form of repealing important deductions that help offer relief to graduates, teachers, those with high medical expenses, and many others.
“And don’t forget that this unfunded tax cut adds $1.5 trillion to the national debt—which, under sequestration, would automatically trigger $25 billion in cuts to Medicare. Hard-working Maine families deserve much better than what this plan has to offer.”
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