Menendez Stands Up for NJ Middle Class, Votes ‘No’ on Trump Tax Plan

Menendez Stands Up for NJ Middle Class, Votes ‘No’ on Trump Tax Plan

   

WASHINGTON, D.C. – U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee that writes federal tax policy, issued the following statement after voting against the Trump Tax Bill:

“Senate Republicans passed a bill that burdens our children and grandchildren with trillions of dollars in additional debt, increases taxes on millions of middle class families, and treats New Jersey’s middle class like America’s piggy bank, all to give away trillions to corporate CEOs and the wealthiest one percent.

“As bad as this bill is for the entire country, it’s particularly worse for New Jersey, threatening to derail investments in education, infrastructure, law enforcement, public health and other job-creating priorities.  And to add insult to injury, this bill cynically sabotages our health insurance markets, threatening to skyrocket premiums and leave 13 million additional Americans without healthcare. 

“I had hoped we could work on real, deficit-neutral, bipartisan tax reform that simplifies our tax code, delivers real gains to workers, and prepares our nation for success in the 21st century, but am deeply disappointed that my Republican colleagues chose to put party over principle and ignored the American people and the vast majority of New Jerseyans, who have rejected this morally-bankrupt bill in droves.”

###