President Trump signs tax bill; courtesy of Twitter
The FPWA, an anti-poverty, policy, and advocacy nonprofit organization, released a report condemning Donald Trump’s new tax legislation and the impact it will have on working class families. In the report, the nonprofit organization calls the tax overhaul “disproportionate” and “adverse” toward low and middle income families in America—especially those living in New York City.
“We are deeply concerned about the disproportionate and adverse impact the tax legislation passed by Congress today will have on the New York City and State budgets, as well as charitable donations, upon which our members and the communities they serve rely on for critical programs and services,” an FPWA spokesperson said in a press release.
“The legislation is a broken promise bill that puts corporate shareholders over working families. It provides enormous and permanent tax cuts for profitable corporations and is riddled with additional loopholes for the President himself, authors of the tax bill, and Wall Street’s wealthiest, all of which are paid for by raising taxes on many low- and middle-income families and taking health coverage away from 450,000 New York City residents.
“Unfortunately, this is only step one of a two-step attack: the plan will increase national deficits by at least $1.5 trillion, which, following the New Year, will be used to justify deep budget cuts to health care, housing, and critical supports for low- and middle-income families already struggling to afford their basic needs.
We at FPWA applaud the New York Congressional delegation’s largely bipartisan rejection of the plan, and we now call on those same representatives to reject proposals to pay for these tax cuts that will further hurt everyday Americans.”
In a statement to the press, Govenor Cuomo criticized the tax bill and called the tax bill “poison for New York.”
“It’s treasonous,” Cuomo told the press. “It’s modern-day Benedict Arnold.”