Sanders Statement on Tax Reform Conference Committee

WASHINGTON, Dec. 7 – Sen. Bernie Sanders (I-Vt.) issued the following statement Thursday after Senate Democratic Leader Chuck Schumer (D-N.Y.) named him to the conference committee on the Republican tax legislation:

"I thank Leader Schumer for putting me on the so-called 'tax reform' conference committee. Let me be very clear: Both versions of the Senate and the House tax bills are morally grotesque and terrible economic policy. Both bills would provide massive tax breaks for millionaires and billionaires, increase taxes on millions of middle class Americans, raise the deficit by more than $1 trillion, and lead to savage cuts in Social Security, Medicare and Medicaid. And, by the way, both of these bills would provide major tax incentives to move American jobs and profits overseas. As a member of the conference committee, I will do everything I can to defeat these bills. We need to rebuild the disappearing middle class, not provide more tax breaks to billionaires. "