mobanmarketWith the nation’s attention fixed on the Senate GOP’s attempts to repeal the Affordable Care Act, House Speaker Paul Ryan (R-Wis.), several congressional Republicans, and two White House aides—who together make up a group called the “big six”—unveiled on Thursday an outline of their tax objectives that critics argued is so vague that it obscures their real aim: to slash taxes for the wealthiest Americans.
“The statement of the big six today revealed little about their true intentions, which is to craft a plan that will give massive tax breaks to millionaires and wealthy corporations at the expense of the middle class and working families,” said Frank Clemente, executive director of Americans for Tax Fairness. “As we know from the Republican budget proposals, the tax cuts will mostly be paid for by cutting Social Security, Medicare, Medicaid, education and other critical services.”
The “big six”—which includes Ryan, Senate Majority Leader Mitch McConnell (R-Ky.), Rep. Kevin Brady (R-Texas), Sen. Orrin Hatch (R-Utah), National Economic Council director Gary Cohn, Treasury Secretary Steve Mnuchin—has reportedly been working “feverishly” to show some kind of progress on their tax agenda as the Senate GOP’s healthcare efforts face fierce opposition.
“As we know from the Republican budget proposals, the tax cuts will mostly be paid for by cutting Social Security, Medicare, Medicaid, education and other critical services.”
—Frank Clemente, Americans for Tax FairnessThough Ryan and company claim their vague plan to lower tax rates “as much as possible” will lift workers and small businesses while boosting economic growth, analysts have argued that in reality their agenda would deepen American’s inequality crisis, which is the worst in the industrialized world.
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