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Congressman Darren Soto

Representing the 9th District of Florida

"Wall Street is Having a Party" - Rep. Soto Floor Speech on GOP Tax Scam

December 1, 2017
Press Release
Rep. Soto Takes a Stand Against GOP Tax Bill

Washington, D.C. – U.S. Representative Darren Soto (FL-09) delivered remarks on the House Floor yesterday evening expressing his opposition to the GOP Tax Scam bill. Rep. Soto voted no on the House version of the Republican tax bill, which would raise taxes on Florida’s middle-class families.

In his remarks on the House Floor, Rep. Soto outlines the GOP Tax Scam:

“Step 1: Cut taxes for powerful billionaires and millionaires.
“Step 2: Grow a giant $2.5 trillion debt, part of that is also to grow the deficit, so we can get to:
“Step 3: use that to justify cuts to Medicare and social security for our seniors. Our ability to protect our environment for the future, education, infrastructure, research and development, our homeland security and our and military, will all see cuts if this goes through,”

 

The full transcript of Rep. Soto’s remarks available below:

I'd like to take a moment to provide every American with a plot summary of the GOP tax scam.  

Step 1: Cut taxes for powerful billionaires and millionaires.

Step 2: Grow a giant $2.5 trillion debt, part of that is also to grow the deficit, so we can get to:

Step 3: use that to justify cuts to Medicare and social security for our seniors. Our ability to protect our environment for the future, education, infrastructure, research and development, our homeland security and our and military, will all see cuts if this goes through,”

And if you are worried about income inequality, this puts that disparity on steroids by charging the credit card and getting rid of popular deductions to boot and it will ship jobs overseas by lowering the abroad tax rate.

But don’t take my word for it, will mainstream continues to suffer – Wall Street is throwing a party! With record stock increases, today. So, it’s time to take a stand against the GOP Tax scam.

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