OFFICE OF REPRESENTATIVE ANNA G. ESHOO (CA-14)
Rep. Eshoo Opposes the Obama Tax Deal
Washington, D.C. – Rep. Anna G. Eshoo (D-Palo Alto) released the following statement about the tax “framework,” which Republicans agreed to with the President:
“I’m deeply disappointed in the recently negotiated tax deal by the White House. While one can find items that are politically and practically attractive—in its totality it borrows just shy of one trillion dollars to pay for, amongst other items, expiring tax breaks for the top two percent of our country. My fear is that the 2001-2003 Bush tax cuts will become permanent, and our fiscal future will dim as America struggles with the largest transfer of wealth and debt creation in its history. We should instead be investing in capital formation, technological innovation, job creation, and education…the building blocks for a strong future for all Americans.
“For 900 billion reasons, I oppose this bill.”