Two Years Since GOP’s Tax Scam, Gardner & Trump’s Corporate Giveaway Still Leaves Coloradans Behind

Two Years Since GOP’s Tax Scam, Gardner & Trump’s Corporate Giveaway Still Leaves Coloradans Behind

Denver, CO — Today marks two years since the final vote on Senator Cory Gardner and President Trump’s tax scam, which gave massive tax handouts to corporate special interests and wealthy CEOs while leaving average Coloradans behind.

Gardner promised that the Republican bill would “generate economic growth, wage growth, investments in our economy that will far outweigh any concerns that people may have about the deficit.” That’s not happening.

CDP Executive Director Halisi Vinson:

“Senator Gardner jammed through the GOP tax bill to appease his ‘furious’ donors while telling Coloradans their scam would pay for itself. But we knew from the beginning that their bill of goods would balloon the deficit and corporate profits while doing nothing for hardworking Colorado families — and two years later that’s proven true. We have not seen a wage growth that justifies their handout to billionaires and corporations. On top of that, the GOP tax scam also sparked a lawsuit that threatens to gut health coverage for nearly 800,000 Coloradans with pre-existing conditions. That record is exactly why Coloradans are so eager to vote Gardner and Trump out of office next November.”

Two years in, Trump and Gardner’s tax scam has:

  • For the first time, allowed corporations and billionaires to pay a lower tax rate than working families [Washington Post, 10/8/2019]
  • Made economic inequality worse [Vox, 5/29/2019]
  • Ballooned the deficit to nearly $1 trillion — the highest point in seven years, despite a strong economy [AP, 10/25/2019]
  • Hiked taxes on Gold Star families, a cruel penalty that Gardner initially refused to address [CNN, 4/24/2019]
  • Reduced tax rates to ZERO for some major corporations — who haven’t invested in the economy as promised [New York Times, 11/17/2019]
  • Enabled the GOP’s latest attempt to repeal the Affordable Care Act [NPR, 10/12/2019]

Gardner and Trump won’t be able to fool Coloradans into thinking their scam benefitted us. But they do have one talking point to use with their wealthy donors: per Axios, “wealthy people and corporations have so much money they literally don’t know what to do with it.”