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Foster Statement on New Republican Tax Plan

Sep 28, 2018
Press Release

WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) released the following statement on H.R. 6760 - Protecting Family and Small Business Tax Cuts Act of 2018:

“I opposed this legislation because Republicans have once again shown their hypocrisy over the national debt and the fact that they do not represent the interests of hardworking Americans. Last year’s Republican tax law added over $2 trillion to the debt that our children will be forced to repay in the future. It also did very little to help hardworking Americans, and real wage growth has remained stagnant. Now, Republicans want to add trillions more to that debt burden. This brazen fiscal irresponsibility endangers Medicare and Social Security, depriving seniors of the benefits they’ve earned. Furthermore, the newest tax scam hurts families in Illinois by making the cap on state and local tax deductions for individuals permanent. Illinois already loses billions of dollars every year because we pay far more in federal taxes than we receive back from the federal government – and this new tax plan only makes that worse. Simply put, Republicans want to jam through another gift for corporations and wealthy donors at the expense of hardworking families in Illinois.”