DENVER — Wednesday, Nov. 29, 2017 — Gov. John Hickenlooper today released the following statement on the federal tax proposals:

"Congress should not pass on almost $1.5 trillion in additional debt to future generations, and hand out tax breaks to the wealthiest Americans who don’t need them--and in many cases, don’t even want them--at the expense of the middle class and the poor. We urge our Congressional delegation to work across the aisle on behalf of all Coloradans for true tax reform. The partisan proposals before Congress now will hurt our progress. Almost all economists agree: trickle down economics is a fairytale. Last year the federal budget borrowed 20 percent of the dollars it spent; with unemployment already low, we have to ask ‘What are we getting for this extra debt?’ If you’re going to borrow $1.5 trillion, you should build something meaningful.

“Losing the individual mandate would mean 13 million people lose health care coverage, increasing costs by up to 10 percent for everyone else and driving the burden on to middle class families.”

###