Dr. Phillip Conner's Statement on Senate Passage of Tax Legislation
LAKE CHARLES, LA - Congressional candidate in Louisiana's third congressional district Dr. Phillip Conner released the following statement regarding passage of tax legislation that would add more than $1 trillion to federal budget deficits over the next decade, even after accounting for economic growth:
"Louisiana families are sick of being victims of Wall Street greed and congressional hypocrisy. I stand with our people in opposing final passage of this legislation that will hurt our farmers, working families, seniors, and veterans."
The bill faces more hurdles before final passage as the Senate and House versions must be condensed into a final version for further approval. The Senate bill would add to the deficit by providing even more tax giveaways to the wealthiest Americans and rich corporations, leading to cuts to Medicare, Social Security, job training programs, college scholarships and tax credits that benefit working families.