ADVISORY: CAP Action’s Neera Tanden to Join Sens. Schumer and Warren to Reveal New CAP Action Analysis Showing How GOP Tax Plan Would Give Trump’s Cabinet Members a Massive $3.5 Billion Tax Cut

CAP Action CEO Neera Tanden will join Senate Democratic leader Charles E. Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) to unveil new CAP Action analysis that shows how the Trump-congressional Republican leaders’ tax plan would benefit President Donald Trump and his wealthy cabinet members at the expense of the middle class.

Washington, D.C. — Tomorrow, Center for American Progress Action Fund CEO Neera Tanden will join U.S. Senate Democratic leader Charles E. Schumer and Sen. Elizabeth Warren to reveal a new CAP Action column that shows just how significantly President Trump and his wealthy Cabinet members stand to benefit from the Trump and congressional GOP leaders’ tax proposal, as well as how devastating it would be for the middle-class Americans that would be forced to pay for it. The column will reveal that the estate tax repeal alone would give Trump’s Cabinet a $3.5 billion tax cut, which could pay for hundreds of thousands of Americans’ Medicare for a year.

In addition, U.S. Secretary of Education and billionaire Betsy DeVos would receive such a massive tax break from passthrough income alone that it would be enough to cover thousands of children who currently receive Medicaid benefits. At the press conference, Tanden, Schumer, and Warren will say Trump and congressional GOP leaders’ tax proposal to give the top 1 percent in this country a massive tax cut while slashing programs that middle-class Americans rely on is just plain wrong. They will demand that President Trump and congressional GOP leadership reject these proposals and instead work in a bipartisan way to bring tax relief to middle-class families, not billionaires, and to protect programs such as Medicare and Medicaid.

WHO: 

Sen. Charles E. Schumer (D-NY)
Sen. Elizabeth Warren (D-MA)
Neera Tanden, CEO, Center for American Progress Action Fund

WHAT: 

Press conference to release column that will show that President Trump and his wealthy Cabinet members would benefit greatly from the Trump-congressional GOP leaders’ tax and budget proposals at the expense of the middle class

WHEN:

Wednesday, October 18, 2017 at 11:00 a.m. ET

WHERE:

U.S. Capitol, Senate Swamp

LIVESTREAM:

The event will be livestreamed here.

For more information or to speak to an expert, contact Allison Preiss at apreiss1@americanprogressaction.org or 202.478.6331.