Demand Fair Tax Reform
After losing their first major legislative battle and failing to repeal the ACA, Congressional Republicans are now shifting focus to tax reform. However, tax "reform" may not be an accurate description, as the majority of what has been discussed so far consists of tax cuts to corporations and the wealthiest Americans, and little to no benefits for the middle and working classes. The Republican tax plan would cut the corporate tax rate from 35% to 15% and eliminate the alternative minimum tax (AMT), changes that would disproportionately benefit wealthy Americans and allow them to exploit tax code loopholes. Trump's 2005 tax return revealed that without the AMT, he would have paid a tax rate of only 3.5%. The Republican tax plan also proposes to eliminate the estate tax, a tax that only applies to the wealthiest 0.2% of American families, such as the Trump family. Since Republicans plan to use the budget reconciliation process to push a partisan tax bill through Congress, the bill is not allowed to add to the federal deficit. This means that the new tax cuts for corporations or the wealthy will be budget-neutralized by cutting spending on programs that benefit working class families, such as Medicaid, Medicare, and Social Security. Minority Leader Chuck Schumer (D-NY) sent a letter signed by nearly all members of the Democratic caucus to Majority Leader Mitch McConnell (R-KY), stating that the Democrats are willing to work with Republicans on a tax plan that does not cut taxes for the top 1% or cut spending on vital social safety net programs. Our representatives in Congress must work together towards federal tax reforms that will treat all Americans fairly."