It’s no secret that the 2017 Republican tax law Senator Thom Tillis helped pass amounted to a massive giveaway to corporate special interests and the wealthiest Americans, with little benefit to most Americans.
A new report from the nonpartisan Congressional Research Service details just how “lopsided” Senator Tillis’ tax law has turned out to be, with massive giveaways to special interests and little benefits to average North Carolinians. Independent economists agree that the GOP tax law will “likely make income inequality worse.”
Democratic Senatorial Campaign Committee spokesperson Stewart Boss released the following statement in response to the new CRS report showing the extent of Thom Tillis’ tax giveaway:
“It should come as a surprise to exactly no one that Senator Tillis supported a massive giveaway to corporations and the wealthy, no matter the impact on North Carolina families. The more we learn about the law Republicans rammed through Congress, the clearer it becomes that Tillis was all too happy to sell out working North Carolinians and tip the scales even further for big business and his wealthy donors.”
Vox: The GOP tax law’s lopsided giveaway to corporations, explained in one sentence
Congress’s official think tank finds the Republican tax cuts helped corporations, not workers.
By Dylan Scott
Key Points:
Read the full analysis here.
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