Pelosi Statement on GOP Tax Giveaway to the Rich and Famous

Contact: Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after House Republicans voted to pass H.R. 9, a measure to cut taxes for some of the wealthiest Americans and increase the deficit, and blocked a vote on the “Buffett rule” to restore fairness to our tax code:

“Republican priorities are clear: give more tax breaks to the wealthy, Big Oil and companies that ship American jobs overseas, and leave the middle class behind. Today, those priorities were front and center. First, Republicans blocked a vote on the ‘Buffett rule,’ opposing Democrats’ effort to fix a stark tax inequity and ask the wealthiest Americans to pay their fair share. Then Republicans voted to hand another tax giveaway to the rich and famous – a measure that balloons the deficit by $46 billion and does nothing to create jobs.

“These Republican actions come on the heels of their effort this week to ‘deem and pass’ their budget to end the Medicare guarantee in order to give massive tax breaks to the wealthy.

“Americans want us to take a different course, and Democrats are ready to get to work to create jobs and bolster the middle class and small businesses, while pursuing a balanced approach to reduce the deficit.”

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