(Washington, D.C.) In the middle of the night, the Senate enacted its version of the “Tax Cuts and Jobs Act.” Significant changes to the bill were made just hours before Senators voted, leaving little time for Senators to read the full bill or for anyone to understand what its full impact on families and on the economy will be. But what is clear is that this irresponsible legislation will give massive tax cuts to the wealthy and corporations while raising taxes on 87 million families with incomes under $200,000—and gutting a key provision of the Affordable Care Act. In addition, the hole blown to the deficit by these tax cuts will result in draconian cuts to programs and services that provide a basic standard of living. The House and Senate will now need to agree on one version of the bill, giving us one more chance to make sure Congress hears the voices of the people.
The following is a statement by Fatima Goss Graves, President and CEO of the National Women’s Law Center (NWLC):
“This vote is a blow to hard working families across the country. This disastrous tax plan raises their taxes and will increase the number of uninsured people by 13 million—in order to cut taxes for big corporations and millionaires and billionaires. Women and families will pay for this bill for decades to come, as funding for critical programs that provide a basic standard of living for millions of women and families are eviscerated. America deserves better.”
The National Women’s Law Center is a non-profit organization that has been working since 1972 to advance and protect women’s equality and opportunity. The Center focuses on major policy areas of importance to women and their families including economic security, education, employment and health, with special attention given to the concerns of low-income women. For more information on the Center, visit: www.nwlc.org.