Protecting Family and Small Business Tax Cuts Act of 2018

Sep. 28, 2018 | H.R. 6760

To justify a second round of tax cuts, this misnamed bill is doubling down on the discredited economic theory that another $657 billion in tax breaks for the wealthy and corporations will strengthen our economy and provide “trickle-down” benefits to working families. This $2 trillion tax giveaway has done little to strengthen the economy and, more importantly, working families have not come close to getting the $4,000 salary raise promised by the bill’s proponents. Instead, we have seen worsening economic inequality and some $710 billion in corporate stock buybacks–a phenomenon of little, if any benefit, to middle class Americans. There is no justification whatsoever for this tax cut, yet it passed the House on Sept. 28, 2018.