WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the U.S. Government Accountability Office report that predicts 30 million Americans will underwithold taxes from their wages and owe at least $100 during filing season:
“Republicans promised a simpler tax code and massive wage gains from their tax law in December. However, every week we learn of yet another way these promises are failing American workers, as wealthy investors reap the benefit of corporate stock buybacks while middle-class workers’ wages fall. The latest reminder is a report from the Government Accountability Office that suggests more than one in five taxpayers will find that they owe at least $100 when filing their taxes for this year as a result of complications in Republicans’ new tax law. The news that these middle-class taxpayers will have to pay the price comes just one day after reports that President Trump intends to circumvent Congress to cut capital gains taxes – more than 80% of which are owed by the top 1% – adding another $100 billion or more to the historically large deficits resulting from Republicans’ poorly written and poorly devised tax scam. That’s not tax reform, neither is it fiscal responsibility.”
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