Congresswoman Bustos Statement on Washington Republicans Passing a Tax Scam that will Raise Taxes on Millions of Middle Class Families to pay for a Massive Bailout to Billionaires

WASHINGTON, DC – Today, Congresswoman Cheri Bustos (IL-17) voted against Paul Ryan’s Billionaires-First tax plan that is projected to raise taxes for millions of hardworking middle-class families, increase the national debt by trillions of dollars and put programs like Social Security, Medicare, Medicaid and Farm program payments at risk – all to provide a massive tax break to billionaires and special interests with no assurances that jobs will be created.

“I have been very clear from the beginning of this debate that I support doing tax reform that puts hardworking families first and creates jobs, but that’s not what Speaker Ryan and Washington Republicans voted to pass today,” Congresswoman Cheri Bustos said. “This is nothing but a scam that will raise taxes on millions of middle-class families and explode the national debt to give massive tax breaks to billionaires and special interests. At a time when folks on Wall Street are breaking records just about every day, it’s wrong that Washington Republicans want to give them a trillion dollar bailout that they don’t need at the expense of seniors, students, farmers and hardworking folks who are struggling to get by.”