WASHINGTON, D.C. - U.S. Senator Cory Booker (D-NJ) issued the following statement on the passage of the Republicans’ disastrous tax plan:

 

“This bill is an outrage. The idea that slashing taxes for the wealthiest Americans and big corporations will somehow magically result in more money and increased wages for the middle class is pure folly. 

 

“Instead of a thoughtfully crafted, bipartisan plan that will truly lift wages and cut taxes for all Americans, Republicans have jammed through a disastrous proposal that lavishes tax cuts on corporations and the wealthiest and raises taxes on everyday Americans. In this perverse plan, the people who need a tax cut the least end up with the most, and those who truly need a tax cut get taken for a ride.

 

“We’ve heard the tired, bogus argument that giving a trillion dollar tax cut to corporations will somehow ‘trickle down’ to workers. But that fallacy has been disproven time and again. Look no further than what major companies have said they’re going to do with their windfall: give more payouts to shareholders, not raise wages for workers.

 

“My colleagues across the aisle should take a hard look in the mirror and ask themselves – honestly – who they are fighting for: their wealthy donors or working Americans?

 

“We’ve already proven that we can be a nation that creates great wealth and opportunity. Our challenge now is to be a nation that creates great wealth and opportunity for all. This bill fails that challenge miserably.

 

“In the days and weeks to come, I’ll do everything I possibly can to ensure this embarrassment of a bill never becomes law.”