‘Economic Pain for Tens of Millions’: Watch Sanders Destroy Trump Tax Plan on Senate Floor (Video)

Sanders also slammed the GOP budget, which he said would make it harder for low-income and middle class families to put food on the table

Washington, DC—(ENEWSPF)—October 3, 2017

By: Jake Johnson, staff writer

Bernie Sandeers on GOP tax reform
“Does anybody for one second think that at a time when so many of our people are struggling, that we should be passing legislation that gives the wealthiest family in this country up to a $52 billion tax break?” Sanders asked. (Photo: Facebook/Screengrab)

As analysis after analysis demonstrates that the Trump-GOP tax plan would be a massive boon for the rich at the expense of low-income and middle class families, Sen. Bernie Sanders (I-Vt.) took to the floor of the Senate on Tuesday to denounce the president’s “disgraceful” and “pathetic” proposals that would “make a very bad situation worse.”

Highlighting the fact that wealth and income inequality in the United States have reached levels unseen since the 1920s, Sanders cited a Tax Policy Center analysis published last week that found the Trump tax plan would overwhelmingly benefit those in the top one percent—who already own over 38 percent of America’s wealth.

The Walton family, Sanders added, would receive a tax break of up to $52 billion dollars if Trump and the Republicans succeed in their push to repeal the estate tax.

“Does anybody for one second think that at a time when so many of our people are struggling, when we have a $20 trillion national debt, that we should be passing legislation that gives the wealthiest family in this country up to a $52 billion tax break?” Sanders asked.

Watch the full speech:

The American public certainly doesn’t think so, Sanders observed, pointing to recent polls demonstrating that most believe corporations and the wealthy don’t pay enough in taxes.

Sanders also used his speech to take aim at Senate Republicans’ recently unveiled budget blueprint, which he denounced as one of the “most destructive” in American history.

“This proposal would cause devastating economic pain for tens of millions of Americans by on one hand giving incredibly large tax breaks to the wealthiest people in the country while at the same time making it harder for our children to get a decent education, harder for the families of this country to get the healthcare they need, harder for families to literally put food on the table, harder to protect our environment, and harder for the elderly to live their retirement years with dignity,” Sanders said.

###

This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License

Source: www.commondreams.org