WASHINGTON, D.C. – U.S. Senator Kamala D. Harris, a member of the Senate Budget Committee, issued the following statement today on the passage of the Republican tax plan:
“The tax plan approved tonight by my Republican colleagues is shameful. Tonight, corporations and the top 1% of Americans won at the expense of middle class families. This is wrong and does not reflect the best of who we are as a country.
“At a time when corporate profits are at an all-time high and pay for workers has stagnated, my Republican colleagues have given corporations and the top 1% of Americans a permanent tax cut. This plan does this by adding $1 trillion to the deficit and asking workers and middle class families to pay for it. We should not explode the deficit and pull the rug out from the middle class to give billions to those who already have so much.
“Under this bill, 572,000 tax payers making over $1 million a year will get $34 billion in tax cuts in a single year. If you’re a senior relying on Medicare, this tax plan puts you at risk by slashing Medicare by up to $410 billion over a decade, with more than $45 billion of those cuts hitting California. And because Senate Republicans couldn’t repeal the Affordable Care Act, they’re trying to take away the health care of millions of Americans and increase the premiums for millions of Californians, by repealing the individual mandate.
“Instead of playing politics with people’s lives, we should be delivering for the American people who have spoken loud and clear that this isn’t what they want. There is a better way to reform our tax code, one that is bipartisan, transparent, and fair for all Americans.”