Statement of Richard Fiesta, executive director, Alliance for Retired Americans, on the House passage of the Republican tax bill:
“Retirees see this tax plan for what it is: a windfall for big corporations, real estate developers, hedge fund managers and the very wealthiest Americans. The nonpartisan Tax Policy Center reports that fully 83% of the cuts go to the top 1%.
“This tax scam won’t create jobs, rebuild our infrastructure or put more money in the pockets of working Americans – it will just make the rich even richer.
“It is also a cynical plan. They have willfully exploded the deficit to create the conditions to cut the Social Security and Medicare benefits we have earned over a lifetime of hard work.
“The 4.4 million members of the Alliance for Retired Americans are committed to holding the House members who voted for this accountable next November. We will not rest in exposing this scam tax bill.”
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