Heinrich’s Attack of Trump Tax Plan Puts Party Over People

The Trump Administration has released a one-page outline of how to reform America’s complex and unfair tax system. Predictably, the mainstream media criticized the outline’s simplicity. Just as predictably, New Mexico’s junior Senator, Martin Heinrich, immediately criticized the plan. Here is his full response:

“It took almost 100 days for President Trump to release a one-page tax proposal that reads like a wish list for big corporations and his wealthy friends. This outline lacks detail on how any of these many tax giveaways will be paid for. While President Trump continues to hide his tax returns, we can assume he is proposing to give himself tens of millions of dollars in tax breaks, rather than help struggling families to get ahead [emphasis added]. Democrats and Republicans all agree our tax code should be reformed but this certainly doesn’t pass the test. This proves that President Trump has no intention of reaching across the aisle to build consensus on reforms both parties can support.”

If we ignore Sen. Heinrich’s personal attacks on President Trump, his core argument – and core error – is: “rather than help struggling families to get ahead.” Let’s examine that statement against the actual proposal.

1) The plan calls for cutting the current seven tax brackets to three at 10, 25, and 35 percent. It doubles the standard deduction, which reduces the amount of tax paid by people who don’t itemize their deductions.

The three new tax brackets will significantly lower taxes paid by individuals and families. Increasing the standard deduction also will help hard-working taxpayers, because people who itemize their deductions tend to be in higher income brackets.

Senator Heinrich, how does this part of the plan not help struggling families?

2) The plan calls for tax relief for childcare expenses and a repeal of the death tax.

Families often struggle with the cost of childcare, which is so high that many couples decide only one of them can work so the other can take care of the kids. Getting a tax break for childcare expenses means more couples will be able for both mom and dad to work, raising their family’s income.

As for eliminating the death tax, is Senator Heinrich arguing that the death tax (the tax on inheritance) helps families? The death tax is nothing more than double taxation: making you pay taxes on income your parents already paid taxes on.

Senator Heinrich, how does this part of the plan not help struggling families?

3) The plan keeps deductions for mortgage interest and charitable giving, but it would eliminate most deductions, including those for state and local taxes.

Again, people who itemize deductions tend to be in higher income brackets. So reducing the number of deductions not only will simplify the tax code, it will favor hard-working taxpayers who don’t itemize deductions. This makes the tax code fairer.

The American dream includes owning a home. Keeping the mortgage interest deduction helps promote home ownership, which is the #1 way that Americans build financial security for their families.

Regarding the deduction for charitable giving: Americans give more money to their churches than to any other category of nonprofit organization. Churches then redistribute those donations to programs that help our communities – often to families who are most in need.

Senator Heinrich, how does this part of the plan not help struggling families?

As for eliminating the deduction for state and local taxes, I can understand why Senator Heinrich objects, because this deduction is most loved by high-tax states on the coasts, including California and New York. Here, Mr. Heinrich again demonstrates that he serves as California’s third Senator, instead of New Mexico’s junior Senator.

4) The plan proposes a flat 15 percent tax rate for businesses, and eliminates tax breaks for special interests.

We all rightly complain about how Washington power brokers and career politicians favor special interests. President Trump’s plan eliminates tax breaks for special interests. How is that not more fair?

America’s tax on corporate earning – currently 35 percent – is the highest in the developed world. I can personally attest that if my family’s business were taxed at 15 percent instead of 35 percent, we would reinvest that savings into the company by creating more jobs. The fact is, tax cuts for business create job growth. New Mexico desperately needs more jobs.

Senator Heinrich, how does this part of the plan not help struggling families?

Martin Heinrich no longer acts as a voice for New Mexicans in Washington, D.C. He votes with his Democratic Party masters, Nancy Pelosi of California and Chuck Schumer of New York, 94.4 percent of the time. But the interests of New Mexico and New York are quite different, as Mr. Heinrich’s statement about the Trump tax plan proves.

It is time to abandon empty party politics, and return common-sense government to Washington. It is time to let hard-working Americans lead the way, and reduce the federal government’s interference in our lives. It is time to shrink government instead of growing it, and reduce taxes instead of increasing them. It is time to send hard-working Americans to Congress instead of career politicians.

The Trump tax plan makes sense for America, and it makes even more sense for New Mexico. Mr. Heinrich, you are not fooling anyone with your automatic rejection of everything our President proposes. You are simply making yourself look foolish.