Oregon U.S. Senator Jeff Merkley came out swinging during a committee hearing today all but calling the proposed GOP tax reform bill a wrecking ball for the poor and the middle class of the country. Supporters of the bill admit that the tax benefits flow most generously to the already wealthy because they are supposed to. GOP leaders claim that with more money to invest it will help the wealthy pump-up the U.S. economy. But critics point to three prior GOP attempts to please their election campaign donors with such plans and each time the tax cuts had little effect on the country’s economic growth.
Here’s Senator Merkley:
Soonafter, the republican majority on the committee passed the bill on for further consideration by the full Senate where a vote is expected to be extremely tight.