Schumer Statement on Tax Policy Center Analysis of GOP Tax Plan

November 6, 2017

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding the recently released Tax Policy Center analysis of the GOP tax plan:

“As the years roll on, wealthy taxpayers and corporations reap huge windfalls while middle class taxpayers get stuck with the bill. It’s no wonder Republicans are trying to rush this bill through – the more scrutiny it gets, the worse it looks.

“This analysis makes clear that over one quarter of taxpayers will see a tax increase under the Republican plan, all in the name of giveaways for the wealthiest Americans and biggest corporations. Republicans want to take away middle class deductions for people with student loan interest and medical expenses so that the rich can exploit bigger loopholes and corporations can pay lower taxes. That’s backwards and wrong.”