Neal Statement on President Trump’s Tax Speech

SPRINGFIELD, MA – Ways and Means Committee Ranking Member Richard Neal (D-MA) today released the following statement after President Donald J. Trump delivered a speech about tax reform in Springfield, Missouri:

"President Trump's speech today in Missouri underscores the fundamental problems Republicans are facing when it comes to tax reform: they're trying to do it alone, seemingly can't agree on any specific policies, and time and again continue to resort to vague, decades-old talking points – like the President did today – instead of taking bold action. The President said today he wants to unrig the economy, which begs the question: unrig it for who? If President Trump's previous tax plans are any indication, the wealthy and big corporations will be the ultimate winner at the expense of the middle class. I think this is the wrong approach. Giving huge tax cuts to businesses in the hopes that wealth will magically trickle down to hardworking Americans is pure folly, and not supported by the facts. Middle-class families have heard enough empty promises and rhetoric from Republicans. Democrats believe that now is the time to act on comprehensive tax reform. We stand ready to work in good faith with Republicans on real tax reform that provides tax relief and expands opportunities for middle-class families, closes the skills gap, and promotes middle-class job growth."

###