Pelosi Statement on Ryan-McConnell Tax Framework

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

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement on the Ryan-McConnell tax framework:

"Democrats have always been willing to engage in bipartisan tax reform. Republicans' tax framework is not tax reform, it is a framework that gives away the store to the wealthiest, while sticking the middle class with the bill. Cutting the top tax bracket for the richest and the $270 billion giveaway of repealing the estate tax reveal a GOP tax framework built for billionaires. Meanwhile, the token provisions for hard-working middle class families are likely swallowed by Republicans raising the base rate and forcing them to pay more for their state and local tax burden.

"Make no mistake: after Republicans' tax plan blows a multi-trillion dollar hole in the deficit, they will sharpen their knives for Social Security, Medicare, Medicaid and vital job-creating investments for middle class families across America. Behind Republicans' vague framework and deceitful math, the American people find a billionaires-first tax plan that treats the middle class as an afterthought.

"The American people want tax reform for hard-working middle class families, and not one penny more in deficit-exploding tax breaks for the wealthiest one percent. The GOP tax framework today shows Republicans are still mired in the tired, trickle-down agenda that ballooned our deficit and weakened middle class America. Democrats will continue to demand job-creating, wage-raising tax reform with not one penny in tax breaks for the wealthiest one percent."

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