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Senate Finance Cmte
News and information from the press office of Senate Finance Committee Ranking Member (D-Oregon).
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Senate Finance Cmte retweeted
Senate Democrats 10h
Senator on the : “The facts do not resemble the promises when it comes to this tax law.” WATCH:
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Senate Finance Cmte 9h
. found that a majority of owners say they need more customers – not tax cuts – to hire and expand their businesses.
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Senate Finance Cmte 9h
FACT: found a majority of owners DON’T believe will help grow their businesses. 69% surveyed say the tax will will not allow them to hire new employees or give raises.
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Senate Finance Cmte 9h
MYTH: owners are able to take benefits from the law and invest them back into their businesses.
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Senate Finance Cmte 9h
Republicans picked winners and losers. owners are left wondering whether or not they were blacklisted and preventing them from making estimates on their estimated payments.
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Senate Finance Cmte 9h
New survey data from found 83% of owners don’t fully understand impact of on their businesses – Over 90% didn’t feel the government adequately prepared owners for new tax system.
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Senate Finance Cmte 9h
FACT: According to , 68% of owners said complexity of tax filing would increase or stay as complicated as before . Figuring out how or if they qualify for the new passthrough deduction is an obstacle course itself.
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Senate Finance Cmte 9h
MYTH: The Republican tax bill has simplified the tax code for .
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Senate Finance Cmte 10h
Replying to @jctgov
Many high-fliers and wealthy investors are furiously consulting with expensive lawyers and accountants to figure out how to score the biggest tax break from the new deduction.
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Senate Finance Cmte 10h
FACT: New data from shows 44% of the new deduction benefits millionaires – not . By 2024, millionaires will receive over HALF of that tax relief.
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Senate Finance Cmte 10h
MYTH: The new 20% passthrough deduction gives significant relief to Main Street job creators.
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Senate Finance Cmte 13h
The Senate Finance Committee will be holding a hearing today on the early impacts of the , one of history’s most expensive broken promises. Watch LIVE 2:30pm:
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Senate Finance Cmte Apr 19
Tune in to this morning’s Senate Finance Committee hearing “Tackling Opioid and Substance Use Disorders in Medicare, Medicaid, and Human Services Programs” ⏯️
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Senate Finance Cmte retweeted
McCaskill Office Apr 17
Replying to @SenateFinance
A NEW REPORT from shows that 20 of the top 37 Fortune 500 health care companies will save approximately $100 billion in tax benefits over 10 years… savings they can pass to shareholders & executives while Missourians’ prescription drug & emergency room costs rise.
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Senate Finance Cmte retweeted
Mark Warner Apr 17
I’ll venture a guess here: it’s because the Republican tax cuts are overwhelmingly going to shareholders, not workers.
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Senate Finance Cmte retweeted
Michael F. Bennet Apr 17
Replying to @SenBennetCO
Because of the irresponsible , we are going to have about a trillion dollar deficit next year—and not during a recession, but at nearly full employment. We’re borrowing that money from our children & grandchildren to give tax cuts to the wealthiest Americans.
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Senate Finance Cmte retweeted
Senator Tom Carper Apr 17
As 2018 comes to a close, we are starting to see the truth around the GOP’s claim that their tax bill would provide historic tax cuts for middle class families: “pure fantasy”
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Senate Finance Cmte retweeted
Sherrod Brown Apr 17
Months after the Republican tax bill passed, we’re watching corporations do exactly what they told us they’d do all along: rather than raising wages and creating jobs, they're rewarding their investors and execs with billions of dollars, right now in the form of stock buybacks.
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Senate Finance Cmte retweeted
Ron Wyden Apr 17
While millions of working Americans worry about making ends meet – corporate execs at health care & pharma companies are watching the value of their financial portfolios soar thanks to ’s $100 billion in tax cuts & $28 billion in stock buybacks.
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Senate Finance Cmte retweeted
Senate Democrats Apr 17
El senador explica como la desastrosa ley tributaria de Trump y los republicanos le aumentó los impuestos a millones de latinos y desencadenó una serie de políticas que perjudican a la comunidad latina.
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