Two Years Ago: Perdue and His Reckless GOP Allies Pushed Through Corporate Tax Giveaway

Special interest-backed tax handout adds nearly $2 trillion to the national debt while threatening Social Security and Medicare

Atlanta — This week, as we approach the two-year anniversary of Senator David Perdue voting for Washington Republicans’ deficit-exploding tax giveaway for corporate special interests and the top 1%, the Democratic Party of Georgia is ready to remind Georgians exactly how little Republicans’ tax handout did for them — even as it gave away billions to the ultra-wealthy and big corporations. 

While Perdue’s tax handout did little to grow the economy or support middle-class families, it did end up increasing economic inequality, and will eventually send 83% of its benefits to the richest 1% — even as Republicans tried to claim it would be a boon for regular working families.

Just how bad was Perdue’s reckless legislation? A quick reminder of the laundry list of special interest giveaways in Perdue’s  “deeply unpopular” corporate tax handout:

• $1 trillion tax giveaway to corporations
• Incentivized businesses to outsource jobs (one of Perdue’s favorite activities)
• Adds nearly $2 trillion to the national debt
• Laid groundwork for the GOP lawsuit to end coverage protections for people with pre-existing conditions
• Created a tax hike on Gold Star families

The damage from Perdue’s tax scam isn’t done though. Now that Washington Republicans have blown a nearly $2 trillion hole in the debt, they’re ready to go after programs that help middle-class families to pay for their handouts to corporate special interests. Perdue is even trying to put earned benefit programs like Social Security and Medicare on the chopping block. Instead of putting Georgians first, Perdue and his allies are ready to look out for their special interests donors in Washington.

“Two years ago, Senator David Perdue showed us exactly where his priorities lie: big corporations and Washington special interests will always come before Georgia families,” said Alex Floyd, spokesman for the Democratic Party of Georgia. “Senator Perdue was happy to vote for a tax giveaway for the wealthy and well-connected, even as middle-class families got next to nothing and now face the prospect of seeing Social Security and Medicare put on the chopping block in the aftermath of these reckless corporate tax handouts.”

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