WASHINGTON, D.C. —Americans for Tax Fairness Executive Director Frank Clemente made the following statement about House Speaker Paul Ryan’s “A Better Way: A Pro-Growth Tax Code for All Americans,” which was embargoed for release until 12:01 am on June 24, 2016.
“This tax plan shows that when it comes to taxes, Speaker Ryan and Donald Trump are marching arm-in-arm. The plan is a huge giveaway to the wealthiest Americans and biggest corporations, and a bitter pill for everyone else.
“The revenue losses are staggering, yet there is no mention of how much this plan costs nor how it will be paid for. It’s time to end the charade that tax cuts don’t cost anything.
“What we do know is that it will dramatically increase inequality and starve public services and benefits. “If this misguided plan were to become law, it would once again make clear that when it comes to taxes, the system is rigged to benefit those at the top while working Americans are left to pick up the tab.”