Title: Supporting responsible middle class tax cuts.
Policy area: Taxation

Summary:

Expresses support for responsible middle class tax cuts and closing special interest loopholes rather than providing more tax cuts for corporations and the ultrawealthy.
Opposes repealing any existing middle class tax cuts and paying for any tax cuts with cuts to Social Security, Medicare, or Medicaid.


[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1097 Introduced in House (IH)]

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115th CONGRESS
  2d Session
H. RES. 1097

             Supporting responsible middle class tax cuts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 27, 2018

 Ms. Rosen (for herself, Mr. Polis, and Ms. Shea-Porter) submitted the 
 following resolution; which was referred to the Committee on Ways and 
 Means, and in addition to the Committee on Energy and Commerce, for a 
 period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                               RESOLUTION


 
             Supporting responsible middle class tax cuts.

Whereas income inequality has increased significantly over the past 40 years;
Whereas real wages for the middle class have remained mostly stagnant over the 
        past 50 years;
Whereas the Bureau of Labor Statistics calculated the August 2018 unemployment 
        rate to be 3.9 percent, but year-over-year average wage growth is still 
        less than prerecession levels;
Whereas the middle class in the past has been mostly excluded from sharing in 
        the fruits of the most recent economic recovery;
Whereas Public Law 115-97 reduced the Federal income tax rate on corporations 
        from 35 percent to 21 percent;
Whereas Public Law 115-97 gave massive tax cuts to billionaires and giant 
        corporations at the expense of middle class families;
Whereas Public Law 115-97 made tax cuts for corporations permanent and made 
        individual-side cuts temporary;
Whereas Public Law 115-97 increases the Federal deficit by more than one 
        trillion dollars;
Whereas Congressional Republicans have suggested paying for tax cuts for 
        corporations and the wealthy by cutting Social Security, Medicare, and 
        Medicaid;
Whereas responsible middle class tax cuts will invest in the very individuals 
        who have made economic recovery possible; and
Whereas the American people deserve real bipartisan tax reform and a simpler, 
        fairer tax code aimed at supporting the middle class: Now therefore, be 
        it
    Resolved, That the House of Representatives--
            (1) supports responsible middle class tax cuts, including 
        making permanent any existing middle class tax cuts that are 
        set to expire;
            (2) supports closing special interest loopholes, rather 
        than providing more tax cuts for corporations and the 
        ultrawealthy;
            (3) opposes repealing any existing middle class tax cuts; 
        and
            (4) opposes paying for any tax cuts with cuts to Social 
        Security, Medicare, or Medicaid.
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