Pelosi Statement on GOP’s Proposed New $100 Billion Tax Cut for the Rich

Jul 31, 2018
Press Release

Contact: Ashley Etienne/Henry Connelly, 202-226-7616

San Francisco – Democratic Leader Nancy Pelosi issued this statement on Republicans’ reported plan to hand a new $100 billion tax cut to the wealthiest, allowing filers to account for inflation in determining capital gains tax liabilities:

“Once again, Republicans have exposed the true priorities of their tax scam: billions in tax breaks for the wealthiest at the expense of everyone else. 

“American families are drowning under the weight of stagnant wages, higher health costs and soaring prescription drug costs, but the GOP continues to pick their pockets to give more handouts to the wealthiest 1 percent.  Even after exploding the deficit by $2 trillion with their tax scam for the rich, Republicans are trying to bend or break the law to hand another $100 billion to the very richest. 

“Democrats are fighting for the people, and are offering A Better Deal with better jobs, better wages and a better future for all.”

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