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Murphy Vows Repeal of Tax Cuts, Says CT Biz Would Be “Thrilled” to Have Higher Corporate Rate

December 20, 2017 By Staff
Murphy Vows Repeal of Tax Cuts, Says CT Biz Would Be “Thrilled” to Have Higher Corporate Rate

Sen. Chris Murphy (D-Conn.) not only opposed the GOP tax bill, he's vowing to vote to repeal it if Democrats take back Congress in 2019.

Sen. Chris Murphy (D-Conn.) went on liberal Rachel Maddow’s MSNBC program on Tuesday night to vow Democrats will repeal the GOP tax cuts if they take back Congress in 2019.

Maddow had asked Murphy that if “Democrats do take the House and Senate, after the midterm elections, do you think that Democrats will try to overturn this bill?

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Murphy said “absolutely,” saying Democrats “have to.”

“We have to. I mean, 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.”

To be clear, this means Murphy would be voting to repeal tax cuts for Connecticut families. The nonpartisan Tax Foundation found this month that the GOP bill will give the average Connecticut family an $835 tax cut in 2018.

Incredibly, Murphy also said that businesses in Connecticut would be fine – “thrilled,” even – with the corporate tax rate going from 21 percent in this bill up to 30 percent.

“Listen, corporations in my state, they wanted a corporate tax cut, but none of them were expecting to have the corporate tax rate drop to 20 percent. They would’ve 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 and the working class that’s losing out here.”

Watch the full exchange here:

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