Butterfield Speaks Out Against Republican Tax Bill on House Floor
WASHINGTON, D.C. – Congressman G. K. Butterfield (NC-01) today spoke on the House Floor in opposition to Republican efforts to jam their tax bill through Congress in order to hand deficit-exploding giveaways to the wealthy, at the expense of low- and middle-income Americans.
Click here or on the image above to watch the full speech.
While the GOP gives multi-trillion dollar tax giveaways to the wealthiest and corporate America, Republicans are destroying key tax benefits for middle class families, including:
- Dismantling the State and Local Tax Deduction – imposing an unfair double tax on middle class families, driving down home values, and endangering local governments’ ability to fund law enforcement, schools and health services.
- Eliminates Student Loan Interest Deduction & Lifetime Learning Credits – destroying a key deduction for young graduates and workers getting the job training they need to succeed in the 21st century economy, while preserving special giveaways for the wealthiest.
- Eliminates Medical Expense Deduction – destroying a key deduction claimed by nearly 9 million American households, which helps families with children with disabilities, long-term care needs, a need for expensive fertility treatments, and many others.
- Imposes New Limit on Mortgage Interest Deduction – assaulting the dream of middle class homeownership in communities across America.