Linda Sánchez Statement on Democratic Tax Principles
Washington, D.C. – U.S. Representative Linda Sánchez (CA-38), Vice Chair of the House Democratic Caucus and a member of the Tax Policy Subcommittee, released the following statement on the Democratic tax reform principles:
“Democrats have a clear vision of what real middle class focused tax reform looks like. We believe that tax reform should go towards helping grow America’s middle class – not stuffing the pockets of the wealthiest Americans and corporations. A meaningful and lasting update to our tax code should accomplish a few things: 1) it should create a simpler and fairer tax code for working Americans and small businesses; 2) it should level the playing field so that American businesses can complete globally; and 3), it should prioritize fairness for all families across all income brackets. The principles for tax reform that Democrats have laid out would help to achieve all those goals.
“Republicans, however, are continuing their reckless go-it-alone strategy. Republicans are under enormous pressure to pass a tax bill – any tax bill – no matter the cost. The proposal laid out by the Trump administration and Congressional Republicans would add $1.5 trillion to the national debt. With history as our guide, what ends up happening when we have these massive, partisan, and unpaid for tax cuts, is that it drives up the debt and then suddenly Republicans end up calling for cuts to the services that working families and middle-class Americans need the most, like Social Security and Medicare.
“We have been down the road of unpaid Republican tax cuts before, and we know it is not a ‘better way’ for our country. If Republicans are serious about doing tax reform in the right way – not just another massive tax giveaway – then Democrats are ready to get to work. But if they insist on trying to jam another piece of major legislation through the House with only Republican votes, then I think their tax fiasco will face the same end as their health care repeal and replace efforts.”