Thursday, January 26, 2023
HomeGeorgia & USADemocrats oppose Republicans' national sales tax plan

Democrats oppose Republicans’ national sales tax plan

WASHINGTON (NEXSTAR) — Democrats have criticized the Republican sales tax plan. They say the new plan will hurt middle-income Americans more.

“This so-called fair tax plan is the craziest thing,” said Senate Majority Leader Sen. Chuck Schumer (DN.Y.).

Democrats oppose a new tax plan proposed by some Republicans.

“Who’s sitting in some dungeon, some lab, some basement, cooking up these extreme ideas to try to shove them down the throats of the American people,” said House Minority Leader Hakeem Jeffries (N.Y.).

On Wednesday, Jeffries and Schumer said they were abandoning a plan to abolish the IRS and replace the federal income tax with a nationwide 30% sales tax.

“This would be the largest tax increase ever for working Americans,” Schumer said.

The Fair Taxation Act is backed by 24 House Republicans but lacks the support of Speaker Kevin McCarthy. However, Schumer and Jeffries say McCarthy may be too weak to stop the bill.

“I don’t underestimate the power these extreme MAGA Republicans have over McCarthy,” Schumer said.

The bill may pass the House, but Sen. Josh Hawley (R-MO) says he can’t see it passing the Senate.

“I’m not in favor of raising taxes on pretty much everyone, and certainly not on working people,” Hawley said.

Jeffries, Schumer and Hawley agree that any legislation that does not help the American people will not make progress in this Congress.

Reported by Source link

RELATED ARTICLES
- Advertisment -

Most Popular

Democrats oppose Republicans’ national sales tax plan

WASHINGTON (NEXSTAR) — Democrats have criticized the Republican sales tax plan. They say the new plan will hurt middle-income Americans more.

“This so-called fair tax plan is the craziest thing,” said Senate Majority Leader Sen. Chuck Schumer (DN.Y.).

Democrats oppose a new tax plan proposed by some Republicans.

“Who’s sitting in some dungeon, some lab, some basement, cooking up these extreme ideas to try to shove them down the throats of the American people,” said House Minority Leader Hakeem Jeffries (N.Y.).

On Wednesday, Jeffries and Schumer said they were abandoning a plan to abolish the IRS and replace the federal income tax with a nationwide 30% sales tax.

“This would be the largest tax increase ever for working Americans,” Schumer said.

The Fair Taxation Act is backed by 24 House Republicans but lacks the support of Speaker Kevin McCarthy. However, Schumer and Jeffries say McCarthy may be too weak to stop the bill.

“I don’t underestimate the power these extreme MAGA Republicans have over McCarthy,” Schumer said.

The bill may pass the House, but Sen. Josh Hawley (R-MO) says he can’t see it passing the Senate.

“I’m not in favor of raising taxes on pretty much everyone, and certainly not on working people,” Hawley said.

Jeffries, Schumer and Hawley agree that any legislation that does not help the American people will not make progress in this Congress.

Reported by Source link

RELATED ARTICLES
- Advertisment -

Most Popular