Major labor group says GOP tax reform bill is a job killer
Will encourage corporations to relocate American jobs overseas
November 16, 2017
(NATIONAL) -- The AFL-CIO has released a statement saying the Republican tax reform plan as it stands now, "Is a job killer that will give 50% of its tax breaks to the wealthiest 1%, while 25% of taxpayers ultimately will pay more in taxes."
The labor group is asking Americans to call their elected representatives and urge a NO vote on the bill because it's not true, says the statement that the bill will benefit working class people even though it's being sold as legislation that will help the middle class.
"Incredibly, the Republican bill would give huge breaks to companies that outsource jobs," says the AFL-CIO statement. "Instead of creating good jobs here at home, this bill only will encourage corporations to relocate good jobs overseas."
The labor group notes the bill also slashes deductions for state and local taxes and that means it will be harder for individual states to fund things like high-quality education and infrastructure projects which, in turn it says will cost millions of jobs and chip away at the services all Americans need to improve their quality of life.
The statement also says, "The GOP budget includes $1.5 trillion in cuts to Medicare and Medicaid. It will increase the tax burden of people with high medical bills. The Republican budget allows for $1.5 trillion in tax cuts that will not be paid for during the first decade of implementation. So, we can expect the GOP to demand more cuts in the future that will hurt working people. Working families should not get stuck with the tab to fund a giveaway for Wall Street, corporations and millionaires. The Republican tax bill will be up for congressional vote soon, and it’s important we make our voices heard now."
The AFL-CIO is a voluntary federation of 56 national and international labor unions that represent 12.5 million working men and women.
Top Republican fundraiser quits saying GOP tax reform bill is a "disgrace"
Earlier this week a top Republican fund-raiser in the state of New York quit his position in the state’s Republican Party because of the GOP tax reform bill.
Steve Louro, who has served as a regional finance director for New York’s Republican Party, quit the position Tuesday, according to The New York Times. During an interview with the newspaper Louro blasted the bill, calling it ”a disgrace.”
“The bill that’s going to get passed is not going to take care of the American people,” Louro told The Times. “It’s a disgrace. It’s going to hurt a lot of middle-class Republicans," he said.
Louro once hosted a fund-raiser for then-candidate Donald Trump and has previously been a supporter of Republican candidates.
According to a report earlier this week by TheHill.com, "GOP leaders are trying to gear their sales pitch toward middle-class families. But multiple analyses of the legislation have found that some families could see a tax hike, while other proposals in the bill like eliminating the estate and alternative minimum taxes would result in an expected windfall for the ultra-wealthy. "