Society

DNC Chairman Perez Criticizes Trump Tax Cuts

| by Jordan Smith

Democratic National Committee Chairman Tom Perez sharply attacked the Trump administration on April 26 over its budget and plan for tax cuts.

Perez spoke the same day as Trump unveiled a plan to reduce personal and corporate taxes, The Hill reported.

"It is a budget that is morally bankrupt," Perez said, according to The Hill. "And you propose to eliminate funding for meals on wheels, and then today you announce a tax cut that will benefit the wealthiest of the wealthy. Budgets are moral documents my friend, and that budget is morally bankrupt."

Perez didn't let up on the assault in further remarks: "[T]hey call it a skinny budget. I think of another word with 'S' that I won't use. It is a shoddy budget."

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Perez described Trump's first 100 days in office as being characterized by "chaos and carnage," and added that Trump had no "moral compass."

The Trump administration stated that the tax cuts, unveiled in a one-page plan, were the biggest "in history," according to the Guardian.

The proposal reduces the number of personal income tax brackets from seven to three, while cutting business tax rates from 35 to 15 percent.

"We have a once-in-a-generation opportunity to do something really big," said Trump's chief economic adviser, Gary Cohn. "This is about growing the economy, creating jobs."

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Stephen Mnuchin, Trump's treasury secretary, refused to confirm if the cuts would be revenue-neutral, but added that they would "pay for [themselves] through growth, reduction of deductions, and closing loopholes." He noted that "the deficit is a problem and the president is concerned about that."

Perez was not the only one disappointed with Trump's tax plan. Frank Clement of Americans for Tax Fairness stated that the changes would add $2.4 trillion to the national debt.

"So, how would Trump's White House make up the shortfall? By drastic cuts to essential services and lowering the standard of living for regular American families. Unacceptable," said Clemente. "The White House line that 'tax cuts will pay for themselves' is a lie that has been debunked repeatedly, including by the conservative Tax Foundation. We will fight this tax plan tooth and nail, and we'll be joined by Americans of all political stripes in doing so."

Perez did not focus solely on taxes and the budget in his remarks. He also took issue with what he alleged were attempts by Republicans to make it harder for minorities to vote.

"Civil rights is indeed the unfinished business of America," said Perez, The Hill reported. "We should be fighting to make it easier to vote, not harder to vote," he added.

Sources: The Hill, The Guardian / Photo Credit: Gage Skidmore/Wikimedia Commons

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