House Republicans Start New Term with Tax Cuts for Billionaires, Raising Taxes on Middle-Class Families

In a shocking move, House Republicans have started their new term by voting to cut taxes for billionaires while raising taxes on middle-class families. This vote has been met with outrage from Democrats and citizens alike, who are appalled at the idea of cutting taxes for the wealthiest while increasing them for those in the middle class. The proposed tax cuts would reduce the top income tax rate from 37% to 35%, as well as lower corporate tax rates from 21% to 20%. These cuts would benefit wealthy individuals and corporations, while leaving middle-class families paying more in taxes. Additionally, economists warn that these cuts could lead to higher inflation rates due to increased spending by those who benefit from the cuts. In response to this vote, Democratic leaders have expressed their outrage and disappointment. Senator Elizabeth Warren said in a statement that “House Republicans just voted to give massive tax breaks to billionaires and big corporations – paid for by raising taxes on working families. This is an outrageous attack on hardworking Americans and it must be stopped”. Other Democratic lawmakers echoed her sentiments, calling out the unfairness of such a proposal and urging their Republican colleagues to reconsider their decision. The public has also responded strongly against this vote, with many taking to social media platforms such as Twitter and Facebook to express their disapproval of House Republicans’ actions. One user wrote “It’s unbelievable that House Republicans are starting off this new term by cutting taxes for billionaires while raising them on middle-class families! #taxcutsforbillionaires” Another user commented “This is so wrong! We need our representatives in Congress fighting FOR us – not AGAINST us! #TaxCutsForAll” At this time it remains unclear whether or not these proposed tax cuts will pass through Congress or be signed into law by President Trump. However one thing is certain – if they do become law they will disproportionately benefit wealthy individuals and corporations at the expense of middle-class taxpayers.