Washington, DC – Representative Filemon Vela (D-Brownsville) released the following statement following the passage of  H.R. 1, the Tax Cuts and Jobs Act:

“Today, I stood against the Republican tax cut bill for corporations and the wealthiest in our nation.  Supporters claimed that the bill would reform the tax system and provide significant tax relief for the middle class.  The reality is that the small tax cuts for individuals are paired with the loss of many important tax provisions for working families including those that promote home ownership.  Millions of American families will see their taxes go up – not down – if the Republican tax plan is signed into law.  Adding to the imbalance of the bill toward corporate interests, the tax cuts for businesses would be permanently added to the tax code while reductions in tax rates for individual taxpayers are temporary.  In their rush to provide a win for the embattled President, Congressional Republicans rammed through a tax cut bill that will increase our national debt, leaving a terrible legacy for our children and grandchildren.  I cast my vote against the Republican tax bill on behalf of South Texas working families.”

 

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