WASHINGTON, D.C – U.S. Senator Cory Booker (D-NJ) issued the following statement on the passage of the GOP’s tax plan tonight:
“When the story of this tax plan is written, congressional Republicans will be remembered for never wavering in their determination to give a massive tax cut to corporations, to the wealthiest among us, and to the well-connected at the expense of ordinary Americans, who were nothing but an afterthought. New Jersey families and communities will be among the hardest hit, with potentially long-lasting effects on services, property value, education, and public safety.
“This is not what we were sent to the U.S. Senate to do. We’re supposed to be making life better for everyday Americans—to help make their paychecks bigger and their out-of-pocket costs smaller. Together, we could have achieved these noble aims through a bipartisan bill that delivered game-changing tax cuts for working Americans while making our businesses more competitive abroad. But we didn’t – Republicans refused to work together in any meaningful way.
“And so now we’re left with a tax plan that makes huge corporate tax cuts permanent, lavishes the most benefit on those who already have so much, makes meager middle class tax cuts temporary while raising taxes for many families, and blows a gaping $1.5 trillion hole in the deficit – a hole that our kids and grandkids will be responsible for filling.
"Republican assertions that giant corporations newly flush with cash will, out of the goodness of their hearts, pass on their windfall to workers ignore both evidence and logic. It’s foolhardy at best and deceitful at worst.
“This bill will exacerbate inequality, not ameliorate it. It’s irresponsible, reckless, unjust, and just plain cruel – and for these reasons and more, today is one of my most disappointing days as a U.S. Senator. I look forward to the day—and it will come – that we reverse this devastating piece of legislation and bring real tax reform that truly helps working families and small businesses across the country."