Democrats on Wednesday blasted President Donald Trump's outline for tax reform.
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'Voodoo economics on steroids': Democrats blast Trump's tax plan
Nancy Pelosi, Bernie Sanders, and other immediately attacked the release of Trump's tax plan.
Mega-mergers would face intense scrutiny under Democrats' new plan.
After the White House rolled out the one-page summary of its tax reform plan, Democrats in both chambers of Congress attacked the plan.
Rep. Ted Lieu called the plan "Voodoo economics on steroids," while House Minority Leader Nancy Pelosi called the plan a "wish list for billionaires."
"The same Trickle Down Economics that undermined the middle class are alive and well in the President’s tax plan," she said in a statement. "True to form, President Trump’s tax plan is short on details and long on giveaways to big corporations and billionaires."
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Senate Minority Leader Chuck Schumer added that the plan would make "life easier for the wealthy and special interests" and "harder for middle class and lower income Americans."
"This plan will be roundly rejected by taxpayers of all political stripes. The American people, once again, are learning that what President Trump promised in his campaign and what he’s doing are totally at odds," Schumer said.
Sen. Ron Wyden, the ranking member on the Senate Finance Committee, took to Twitter to go after the president's plan.
"Light on details for people who work for a living, yet very detailed for the elite," Wyden tweeted. "No estate tax, cut in capital gains and cut in top rate? All an #EliteGiveway. And yet the Trump team couldn't tell you what the tax plan means for the typical American family. Self-serving & elitist."
And former Democratic presidential candidate Sen. Bernie Sanders said the plan would favor large businesses and the wealthy.
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"We have a rigged economy designed to benefit the wealthiest Americans and large corporations," Sanders tweeted. "Trump’s tax plan would make that system worse."
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