Congressman Bill Foster

Representing the 11th District of Illinois

Foster Statement on Trump’s Tax Plan

Apr 26, 2017
Press Release

Washington, DC - While the details are still unclear, we already know President Trump’s tax plan will massively expand the national debt. Our country cannot afford a repeat of the enormous deficits that happened the last time Republicans controlled all three branches of government, when the Bush tax cuts and runaway military spending took the $200 billion surplus inherited from the Clinton Administration and turned it into a $1.5 trillion deficit and the worst economy of our lifetimes. It is also clear that the Trump administration only intends to help the rich expand their bank accounts at the expense of hard-working Americans. Congress should not consider any tax plan from the White House until President Trump releases his tax returns so we know how much he will personally benefit from his tax proposals.

 

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