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DNC's Tom Perez: GOP Tax Bill Only Benefits the 'Uber-Wealthy'

Image: DNC's Tom Perez: GOP Tax Bill Only Benefits the 'Uber-Wealthy'
(AP)

By    |   Thursday, 14 Dec 2017 01:16 PM

Democrats can't get behind the GOP-led tax reform bill because it provides tax breaks for the wealthy, Democratic National Committee Chairman Tom Perez said Thursday.

"I thought the Republican Party was the party of fiscal responsibility," Perez told Fox News' "America's Newsroom" anchor Bill Hemmer.

"This is blowing a major league hole in our budget, and you will start seeing Medicare cuts as early as next year. It's dire."

Perez described the tax bill, which could become passed into law next week, as a "massive tax break bill for large corporations and for uber-wealthy people."

"Look at Alabama," he said. "About 150,000 kids are not sure if they will be able to stay on the Children's Health Insurance Program, and the repeal of the estate tax will help something like 40 uber-wealthy families in Alabama. I would rather help the 150,000 children who need to get access to children's health insurance."

Hemmer, though, told him that Republicans argue the bill will cut taxes by an average of $2,000, and boost the average wage increase by $4,000, but Perez told him he is "entitled to your own opinions.

"You look at the nonpartisan umpires looking at this bill and one after the other say that it's just, there are so many middle class families that will pay more in taxes," said Perez. "If you're trying to take one of your kids and get them into college, higher education has become less affordable for you.

If you're trying to purchase a home, it will be harder. Thirteen million people are going to lose their healthcare because of this bill so that we can provide permanent tax cuts for corporations. That doesn't make sense. That's why [there is a] $1 trillion hole in the budget."

Perez said he doubts any Democratic lawmakers will vote for the bill, as the "process has been horrific" and according to national polls, Americans are "seeing through this."

"[Former President] George W. Bush said you know what? You give tax cuts to the wealthy and benefits will trickle down," said Perez. "David Stockman back in the 80s, one of the original supply siders said the same thing. It is a fooled you once, shame on you and fool you twice, shame on you moment."

Perez also discussed this week's election in Alabama, and said Democratic winner Doug Jones wants to work to build his state into a place that works for its residents.

"People who work a full-time job can live a stress-free life," said Perez. "[He] wants to invest in job training and make sure people have access to healthcare. He wants to make sure that children can get that health insurance that they so desperately need."

Meanwhile, there are several Democrats in Congress calling for new leadership to replace House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer, but Perez said Democrats are "making real progress."

"Look at the 2017 elections here, Democrats not only in Alabama, but in Virginia and New Jersey, mayor's races, all sorts of other races," said Perez.

"We're out there leading with our values. We've learned from our mistakes. We have to organize everywhere. Nancy Pelosi, without her, we wouldn't have healthcare."

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Democrats can't get behind the GOP-led tax reform bill because it provides tax breaks for the wealthy, Democratic National Committee Chairman Tom Perez said Thursday.
tom perez, gop, tax bill, benefits, wealthy
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2017-16-14
Thursday, 14 Dec 2017 01:16 PM
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