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DNC Chair Debbie Wasserman Schultz: New Tax Analysis Confirms Congressional Republicans Are Following “Romney Economics” Playbook, Raising Taxes on Middle Class and Slashing Services to Pay for Huge Tax Breaks for Millionaires and Billionaires

DNC Chair Debbie Wasserman Schultz released the following statement today on a new analysis of the House Republican tax plan:

“Today’s analysis, confirmed by independent tax experts, is further proof of what we’ve been saying for a long time: that Republicans in Congress think the appropriate way to pay for huge tax breaks for millionaires, billionaires and big corporations is to hike taxes on hardworking middle-class families and make deep cuts to Medicare, Social Security, transportation, education and other programs vital to the middle class. Now is not the time to be shifting the burden of our nation’s tax code onto the backs of hardworking Americans who are still fighting to get ahead – but unfortunately that’s exactly what the House GOP is proposing.

“If Congressional Republicans think that taking a page out of the Romney Economics playbook is what we need to move our country forward, then I’d recommend some alternative summer reading. Let’s not forget what Mitt Romney’s so-called economic vision did for the people of Massachusetts. When Romney was governor, Massachusetts ranked 47th out of 50 in job creation and lost manufacturing jobs at twice the national average. He also cut taxes for millionaires and billionaires while raising more than 1,000 taxes and fees on middle-class families– fees on everything from milk and nursing homes to school bus rides and poultry inspections. It didn’t work then, and it absolutely will not work now.

“It’s time for Republicans to stop throwing the middle class under the bus to fund tax breaks for the rich and instead get serious about working with the President and Congressional Democrats to build an economy that’s built to last and which works for all middle-class Americans. Willful inaction and partisan political games are simply no longer an option.”