By Anthony Jackson
WASHINGTON – Ranking House Democrat Caucus members on Tuesday said House Ways and Means Committee Republicans rejected all the Democrats’ amendments to the Tax Cuts and Jobs Act.
“Not a single Democratic amendment was accepted on a party- line vote by the Republicans and final passage out of the committee also received zero support from the Democratic side of the aisle,” Rep. Joe Crowley (D-N.Y.), chairman of the House Democrat Caucus, told reporters at a news conference.
“This bill is about rewarding the wealthiest in our nation as well as special-interest corporations at the expense of … working-class Americans,” he added.
Crowley called the bill “devastating” and “ill-spirited.” He said it does nothing but “help the wealthiest in the United States get a tax break.”
The Tax Cuts and Jobs Act will be introduced in the House on Thursday.
Counselor to the President Kellyanne Conway told TMN at a Nov. 7 news conference that the efforts for a bipartisan overhaul “is a question for the Democrats, not the Republicans.”
“We want it to be bipartisan, we welcome their support,” she said adding that the proposed tax plan “responds to the changing demography of our nation.”
The Center on Budget and Policy Priorities, a nonpartisan research and policy institute, found that the Republican tax plan would add almost $1.5 trillion to the deficit and is expected to “drive the ultimate cost even higher.”
The House version of the bill will permanently lower the corporate tax rate from 39 percent to 20 percent.
The estate tax as well as state and local tax deductions would be eliminated.
The bill will consolidate seven tax brackets into four, end the alternative minimum tax and double the standard deduction and child tax credit in addition to slashing mortgage interest deductions by half.