Rep. Jimmy Panetta’s Statement on House Passage of the Partisan Tax Bill

Monterey, CA – United States Representative Jimmy Panetta (CA-19) released the following statement on the House of Representatives vote advancing the Majority’s partisan tax and spending legislation:

“Despite my continued calls for a bipartisan commonsense fix to our tax code, Speaker Mike Johnson forced through the President’s purely partisan reconciliation tax bill that provides tax breaks for billionaires at the expense of working families by cutting their benefits and our children by adding trillions to our nation’s debt.  That is why this partisan bill will be one of the largest self-inflicted wounds to working families and to our economy in our nation’s history. It is projected that this partisan bill will force over 15 million working families to lose their healthcare and nutrition assistance and set back our progress to protect our environment. Additionally and disturbingly, it is widely reported that this partisan bill will add nearly $4 trillion to our national debt and lead to a major drag on our economy. 

“Instead of focusing on economic security and fiscal responsibility, the President pursued a divisive and short-sighted agenda that hurts working families and jeopardizes our ability to maintain our national debt.  Rather than negotiating with Democrats to deliver meaningful, bipartisan solutions, the majority chose to placate the President and push through a bill that prioritizes politics over people.  I voted against the bill.  However, I will not be deterred from continuing my work to fight for working families and affordability in California’s 19^th Congressional District and the future financial stability of our country.” 

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