Modified Chairman's Mark Makes a Bad Bill Worse
For Immediate Release
Late Tuesday night GOP leaders unveiled a modified Chairman’s Mark of the Senate tax reform bill, which included significant changes to the bill. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:
The modified Chairman’s Mark took a bad bill and made it even worse. Adding $1.5 trillion to the debt is bad enough, but this amendment adds hundreds of billions of dollars more through use of expirations and other gimmicks.
Does anyone really believe Congress will allow the individual tax cuts to sunset in eight years? This is an obvious ruse to hide very real costs and make more room for debt-financed cuts and giveaways.
Rather than rush to get this through committee by Thanksgiving, Congress should slow down and get it right.
This country needs real, proven pro-growth tax reform, and this bill so far is a turkey.
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