(Washington, D.C.) Today, the House of Representatives approved its version of the “Tax Cuts and Jobs Act.” This legislation would raise taxes on 36 million low- and middle-income families by 2027, while immediately eliminating tax benefits claimed by many working families – such as the deduction for medical expenses, the deduction for interest on student loan payments, and personal exemptions.
The following is a statement by Anna Chu, Vice-President of Income Security and Education at the National Women’s Law Center:
“The House tax bill makes women and families pay for tax cuts for the super-rich and corporations. It serves a bountiful feast for millionaires, billionaires, and large corporations, while working families only get scraps. Millions of families would face tax increases and suffer draconian cuts to critical programs and services that the cost of this bill will be used to justify. This tax bill would devastate the economic security of women and their families. We deserve far 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.