As the Ways and Means Committee meets today to begin considering Rep. Peter Roskam’s corporate tax cut plan, Roskam’s constituents should know that he has already broken three promises:
First, there is no “soft landing” for the elimination of middle class tax breaks that provide a significant benefit to Chicagoland families and homeowners. As many as 23% of middle class families in Illinois would see their taxes go up by 2027. And by that point, nearly half of the tax cuts would go to the richest 1%.
Second, Roskam’s plan blows up the deficit. Despite advocating for the plan to be “revenue neutral,” Roskam is pushing forward with a bill that will add at least $1.5 trillion to the deficit – burdening future generations and setting the stage for spending cuts down the road that will hurt middle class families.
And finally, Chicagoland families will not be able to file their federal tax returns on a postcard. Roskam has said over and over again that, under his plan, most Americans would use a postcard to file their taxes. He even went on TV with a sample postcard and repeated this promise. Turns out, it wasn’t true.
“Rep. Peter Roskam hasn’t even gotten his Republican tax scam through its first hearing, but he is already breaking promises about how it will affect middle class families,” said DCCC spokesperson Jacob Peters. “Peter Roskam promised a ‘soft landing,’ but what he delivered is a massive corporate tax cut that is going to crash land on middle class families and homeowners in his own district.”