NEW: Honest Arizona Billboard Urges Schweikert to Vote Against Massive Tax Breaks for the Ultra-Wealthy
PHOENIX — As the next Congress prepares to be sworn in this week, Honest Arizona is posting a billboard in the First Congressional District urging Congressman David Schweikert to vote against an extension of the 2017 GOP Tax Law that favors the ultra-wealthy.
The law is set to expire next year, and Republicans in Congress and President-elect Donald Trump have already indicated that they intend to give even more tax breaks to corporations and the ultra-wealthy. Congressman Schweikert has a clear choice: will he stand up for working Arizonans or will he pass another tax policy that continues to help corporations and the rich get even richer?
How the GOP Tax Law has benefited the wealthy over working Arizonans:
The richest 1 percent of Arizonans got 29 percent of the tax cuts from the law, while the poorest 20 percent of Arizonans got just 1 percent.
The law slashed the corporate tax rate from 35 percent to 21 percent – with many companies paying significantly less than that.
Arizona billionaires have grown $25 billion richer since the passage of the GOP Tax Law.
Arizonans can find out more about the GOP Tax Law HERE.
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