Congressman Jim Himes asserts the Republican tax plan that will likely be signed into law this week will bloat the federal debt, raise the cost of living in Connecticut, lower property values and suppress home ownership.
The CT Mirror’s Ana Radelat has more on what it means for the state:
Democrats called the massive tax overhaul a “scam” intent on making the wealthy, including Trump and GOP donors, richer. Not a single Democrat voted for the plan in either the House or Senate.
“It’s a tax scam with moral consequences in terms of inequality in this nation,” said Sen. Richard Blumenthal. “It tilts benefits in favor of the wealthiest and corporations who receive permanent tax cuts. It will hurt working families, students, public schools, firefighters, police officers, local governments, and sick people who receive nothing but crumbs by comparison.”
Sen. Chris Murphy called the tax package “essentially a ransom payment to big GOP donors who have demanded this all year long.”
Full story here.