Press Releases
Watchdog: MAGA House Votes to Add $114B to Deficit to Protect Wealthy Corporate Tax Cheats and Donors
In one of its first acts in the new Congress, the MAGA House majority voted to rescind necessary enforcement resources from the Internal Revenue Service to the benefit of wealthy corporate tax cheats and donors — a move the nonpartisan Congressional Budget Office concluded will add $114.4 billion to the deficit over a decade. Liz Zelnick, Director of government watchdog Accountable.US’ Economic Security & Corporate Power program released the following statement in response:
Deficits didn’t matter to MAGA extremists who voted today to let rich and corporate tax cheats off the hook while adding $114 billion to the deficit. Deficits didn’t matter for most Members of the MAGA Congress who voted for multi-trillion-dollar Trump tax breaks for giant corporations that are now showing their thanks by gouging consumers on everything from gas to groceries. The MAGA Majority’s rhetoric on ‘fiscal responsibility’ apparently only applies when it's politically convenient. These lawmakers should not be taken seriously when they use the deficit they exacerbated with tax breaks for greedy corporations and billionaires as an excuse to slash investments in everyday working families, seniors and students. Social Security and Medicare benefits are very much on the MAGA majority’s chopping block, and today’s vote set the stage.”
