Sen. Murphy: 'Absolutely,' Democrats Would Overturn Tax Legislation If They Win in 2018

By Susan Jones | December 20, 2017 | 8:22 AM EST

Sen. Chris Murphy (D-Conn.) (Photo: Screen grab/ABC)

(CNSNews.com) - Republicans "will probably lose the House and the Senate" in 2018 because of the Republican tax reform bill, Sen. Chris Murphy (D-Conn.) said shortly before the Senate passed it, 51-48.

And Murphy said "absolutely," Democrats will try to overturn the tax legislation if they do regain control of Congress in the midterm election.

MSNBC's Rachel Maddow asked Murphy Tuesday night: "If your prediction is right and Democrats do take the House and Senate after the midterm elections, do you think that Democrats would try to overturn this bill?"

 

"Absolutely," Murphy replied:

We have to, given the assault that's occurring here, especially on the East and the West Coast. I would hope that we would take a look at the entirety of the bill. Listen, the corporations in my state, they wanted a corporate tax cut, but none of them were expecting to have the corporate tax rate dropped to 20 percent.

They would have been thrilled if they got the tax rate below 30 percent. And so there is plenty of room to go back into this bill to make up some money and return it to the middle class or the working class that's losing out here.

And of course what we haven't talked about is the repeal of the individual mandat,e which is going to increase everybody's premiums by 10 percent, compounding every year. So that conveniently in year seven of this bill, your premiums will have doubled and your standard deduction will have gone back to its previous levels.

Republicans say the tax bill certainly will deliver tax cuts to the middle class, and low-income people may pay no tax at all.

Some higher-income earners in high-tax states who normally itemize deductions may end up paying more.

Speaking on ABC's "Good Morning America" Wednesday morning, House Speaker Paul Ryan (R-Wis.) said skeptics have been "hit on their TV screens" by confusing media coverage saying that the tax bill will benefit only the rich.

"So I think when people actually see that instead of getting tax increases, they're getting tax cuts; when they see the withholding tables changing in February and seeing more money in their paychecks; when they're seeing the economic growth that will result from historic tax reform, I think minds are going to change, and I think people are going to change their view on this," Ryan said.

Ryan also said the tax bill is part of the Republican plan to grow the economy and get the debt and deficit under control. The second step is "spending control," he added.

"And we're going to get back on that," he promised.


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