Congressman Blumenauer to Offer Amendment Forcing Republicans to Prove Their Tax Cut Claims
Washington, D.C. – During House Ways & Means Committee consideration of the Republican tax bill, Congressman Earl Blumenauer (OR-03) will offer an amendment to call into question Republican leadership’s false claims on their proposed tax cuts and the deficit.
By providing a massive tax cut to the nation’s wealthiest individuals and corporations, Republicans are projected to add an estimated $1.5 trillion or more to deficits that will pile onto the national debt. This massive burden will either be paid by our grandchildren, or by the beneficiaries of Medicare, Medicaid, and Social Security. To hold Republicans accountable for their absurd claims that ‘tax cuts pay for themselves’ and lead to economic growth, Blumenauer’s amendment will automatically suspend these tax cuts if deficits continue to increase.
“For years, my Republican colleagues have complained about our rising national debt. Now they want to add $1.5 trillion to the deficit—not to invest in our communities, but to give massive tax cuts to those who need it the least,” said Blumenauer. “No economist will say with a straight face that tax cuts pay for themselves. For the sake of our fiscal health and to protect the American people, Republicans must be held accountable for their absurd claims. And if they truly buy the rosy picture they are painting for the American public, they should have no problem incorporating my amendment into their bill.”
Blumenauer today called on his Republican colleagues to approve his amendment in an op-ed in The Hill. Click here to read the op-ed.