Trump Tweets About Tax Bill: NH Senators Say Bill is Bad for Small Businesses
WASHINGTON (AP) — President Donald Trump says the "Fake News" media is "working overtime" to "only demean" tax cuts he's long said will be the biggest in history. Trump tweeted Wednesday: "The Tax Cuts are so large and so meaningful, and yet the Fake News is working overtime to follow the lead of their friends, the defeated Dems, and only demean. This is truly a case where the results will speak for themselves, starting very soon. Jobs, Jobs, Jobs!"
The United States Senate just passed the biggest in history Tax Cut and Reform Bill. Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote. If approved, there will be a News Conference at The White House at approximately 1:00 P.M.— Donald J. Trump (@realDonaldTrump) December 20, 2017
The Tax Cuts are so large and so meaningful, and yet the Fake News is working overtime to follow the lead of their friends, the defeated Dems, and only demean. This is truly a case where the results will speak for themselves, starting very soon. Jobs, Jobs, Jobs!— Donald J. Trump (@realDonaldTrump) December 20, 2017
Democrats have criticized the package as a giveaway to corporations and the rich. Republicans argue it will spur economic growth and create jobs.
The Republican-controlled Senate narrowly passed the bill on a party line 51-48 vote after midnight. In the vote not one Republican voted against the bill, and not one Democrat voted for the bill.
New Hampshire's two democratic senators voted against the bill. Senior Senator Shaheen issued a statement after her vote.
“This tax bill asks middle-class families to foot the bill for massive tax breaks for the wealthy and large corporations—that’s just unacceptable. Further, adding $1.5 trillion to the national debt to pay for these tax cuts will undermine our ability to address real challenges facing the middle class and small businesses. This could have been a bipartisan tax bill that provides significant relief to those who need it most, but that’s not what Republican leadership chose to do. Instead, this bill doesn’t remotely resemble real tax reform and is an enormous missed opportunity. It does virtually nothing to simplify the tax code, which is the top concern I hear from New Hampshire small businesses. Going forward, Congress must do better and allow the public into the legislative process, particularly for legislation that touches the lives of all Americans."
Senator Maggie Hassan also issued a statement after her 'no' vote.
"The bill that the Senate passed tonight is not real tax reform, it’s a giveaway to corporate special interests and the ultra-wealthy at the expense of hard-working Granite Staters and Americans. Over the past weeks and months, I repeatedly made clear to my Republican colleagues that I was willing to work together on bipartisan tax reform that would help middle class families and small businesses. Unfortunately, Washington Republicans took another path – pursuing a partisan bill that was crafted behind closed-doors, which will add more than $1 trillion to the national debt, cause health insurance premiums to increase, and make our tax code even more complicated. I remain eager to work with anyone who is actually serious about pursuing real tax reform that will expand economic opportunity so that all hard-working families and small businesses can thrive, but this bill is not the solution.”
The House must vote a second time Wednesday due to procedural issues.
Trump plans a White House event with lawmakers following the House action.
NH1 News contributed to this story.