Peter Roskam Co-Sponsored Trump Tax Bill that raises taxes on average Americans over time

According to most tax experts, the Trump tax cuts co-sponsored by Congressman Peter J Roskam will actually cost most Americans more over time while the rich get permanent tax breaks!

While the average American will see a $984 annual drop in federal taxes or about $18.92 per week, the 1 Percenters will garner over $50,000 in tax cuts per year which equates to almost $1000 per week.

Unlike the corporate rate cuts which will be permanent, the 3% individual tax rate cuts are scheduled to expire within eight years.  According the Tax Policy Center, in 10 years half of all American taxpayers will actually be paying more under the Republican bill than they are now.

While the bill increases the standard deduction, It eliminates personal exemptions and most itemized deductions.  The  Act limits the deduction on mortgage interest and alimony is no longer deductible.  Under current rules, taxpayers are allowed to deduct their state and local taxes. Under the new tax bill, this deduction will be limited to $10,000.

This tax cut that heavily benefits large businesses and the 1% er’s is projected to raise the national debt by between $1 trillion and $2.2 trillion over 10 years.  No offsetting spending cuts were included in the bill.  In fact, the 2018 federal budget increases spending by almost $1 Trillion this year alone which is also supported by the committee Congressman Roskam chairs.

Taxpayers should also remember that there were no public hearings, no congressional committee hearings and this tax bill was passed in the dead of night with limited debate or discussion and with less than 48 hours notice.  The CBO was not even allowed to completely evaluate this bill before passage.

Roskam Rated One of the Lowest Congressman By League of Conservation Voters AGAIN!

Roskam voted to overturn EPA Stream Protection Rules to allow coal mining companies to dump toxic waste into nearby waterways.

This measure, H.J. Res. 38, threatens the drinking water and public health of communities living near coal mining operations by permanently blocking the Department of the Interior’s (DOI) Stream Protection Rule. The rule  previously protected 6,000 miles of streams and 52,000 acres of forests, sets up new requirements for water quality monitoring and restoration, and generally compeled coal mining companies to reduce their impact on the surrounding environment. This use of the Congressional Review Act not only overturns the current rule, but prohibits DOI from ever issuing “substantially similar” regulations in the future.  It was signed into law by President Trump in 2017.

Congressman Roskam voted to Open the Arctic Refuge to Oil Drilling.  

The legislation, 2017 H.R., puts our clean energy future at risk while maintaining giveaways to fossil fuel interests. The conference report for H.R. 1 even turns the pristine and sacred Arctic National Wildlife Refuge into an industrial oil field. On December 20, the House approved the conference report for H.R. 1 by a vote of 224-201 (House roll call vote 699). NO IS THE PRO-ENVIRONMENT VOTE. The Senate passed H.R. 1 later that same day and President Trump signed this legislation into law on December 22.

 

Congressman Roskam voted to severely undermine sustainable forest management policies and roll back critical environmental safeguards for our nation’s forests.

H.R. 2936 allows large-scale timber projects to skip needed environmental reviews and would expand exclusions to bypass conservation rules ideally meant for non-controversial forest management practices. Additionally, the bill reduces public participation and input in the environmental review process, waives the ability of citizens to challenge harmful logging projects in court, and limits the rights of citizens to recover attorneys’ fees when they prevail in court.

 

Congressman Roskam voted for  to slash water conservation funding by 32% and also allowed policy riders to outright block environmental protections.

The bill, H.R. 3354, contained cut more than $500 million cut to the Environmental Protection Agency (EPA) and the 32 percent cut to the Land and Water Conservation Fund. Additionally, it contained a measure that would allow the EPA to bypass the law and hide its repeal of drinking water protections for 117 million people.

 

Congressman Roskam voted for an anti-environment amendment to H.R. 3354 that would prevent the EPA from implementing its standards to reduce methane pollution from new and modified sources in the oil and gas industry.

 

Congressman Roskam voted for H.R. 1430, the Honest and Open New EPA Science Treatment (HONEST) Act of 2017, This bill restricts the scientific studies Environmental Protection Agency (EPA) can use when evaluating threats to the environment and public health. 

Congressman Roskam has consistently been rated one of the worst Congressmen in Illinois for their voting record on environmental issues.  On as scale of 1 to 100 where 100 is the best possible score, Congressman Roskam received a score of 3 by the League of Conservation Voters in 2017.  The only representative with a lower score was Congressman Randy Hultgren of the 14th district who received a score of zero.

 

The above list is just a sampling of Congressman Peter Roskam (IL 6th District) environmental votes in the last year.  For a complete list of his voting record on the environment and public health issues please visit the League of Conservation Voters web site.  CLICK HERE

Roskam Votes To Increase Federal Deficit In New Trump Budget

Representative Peter Roskam of the Illinois 6th Congressional District Voted YES today on the House Continuing Budget Resolution and raise the Federal Deficit by $1.5 Billion.

He Voted To:

  • Increase the national deficit by $1.5 trillion.

  • Slash Medicare by $473 billion and Medicaid by $1 trillion. 

  • Gut funding to repair our nation’s infrastructure by nearly $200 billion.

  • Cut Pell Grants by more than $100 billion, making college less affordable for nearly 8 million working class students.

Illinois representatives Peter Roskam, Adam Kinzinger and Randy Hultgren provided the 3 critical votes to pass President Trumps budget plan as 20 Republicans broke with the president and voted against.  According the public records, Roskam has voted with the Trump agenda 93.6% of the time.

State and Local Tax Deductions May Still Be Eliminated as part of the so-called Tax Reform Package

Still at risk is the nearly $1.3 trillion state and local tax deduction that most Illinois taxpayers use as a deduction.  Some Republicans are pushing to eliminate that deduction to increase revenue to off-set the loss of revenue from the tax breaks going to the the 1% who will reap the largest tax reductions under the Trump tax plan.

According to Crain’s Chicago Business “State and local taxes in Illinois are almost as high as they are on the coasts. An analysis of 2015 IRS data by Bloomberg News found that while the average SALT deduction in districts represented by Democrats nationally is $4,443 and in GOP districts $2,896, in Roskam’s 6th District in DuPage County it’s a whopping $9,583.

401k Tax Exempt Contributions Also At Risk

Also at risk are contributions to workers 401k plans where Trump Republicans would cut the amount that Americans can contribute to those funds without paying taxes.

 

For more information about the budget voting, refer to the article in Crains   CLICK HERE

 

Roskam Endorses Trump Cutting ACA Subsidies For Lower Income Americans

Roskam endorses ACA subsidy cutsCongressmen Peter Roskam of the IL 6th congressional district and Randy Hultgren of the 14th publicly endorsed President Trumps latest attempt to destroy the Affordable Care Act (ACA) as he stopped making the subsidy payments that support healthcare coverage for low income Americans.  By eliminating premium and deductible subsidies for low income Americans, industry experts expect the number of people in the program to drop because of dramatic price increases for coverage!
In an article in the Chicago Tribune, Rep. Randy Hultgren of Plano characterized the cutting the ACA subsidies for low income Americans as  “eliminating free money for insurance companies” and would “actually benefit low-income consumers and increase the number of insured Americans starting in 2020”.
Somehow the congressmen believe that making healthcare more expensive for lower Americans will somehow magically lead to more people signing up for health insurance sometime in the future.  One constituent commented “The idea of making health insurance more expensive for lower income Americans by cutting their assistance plans will somehow drive down overall health insurance costs is patently stupid!  These are the same clowns that voted to cut Medicaid funds as part the their Repeal and Replace scam which would have also reduced assistance for the poor!”
This plan is particularly cruel to the 6.7 million middle-class Americans whose premiums will also increase but who do not qualify for the tax subsidies,” Rep. Raja Krishnamoorthi of Hoffman Estates said in a letter to the president protesting the cuts. “Middle-class families would see their out-of-pocket costs increase just to access the same level of care in the plans before the funding cuts.”
Sabotage of public assistance programs should never be endorsed or even tolerated.  It should also be pointed out that between 2014-2016, Insurance companies, Drug makers and large healthcare providers donated over $542,000 to the Roskam re-election campaign and those numbers are expected to dramatically increase between now and the 2018 election.  Roskam and Hultgren need to be replaced!
Read More Here

Roskam Ignores Constituents – Votes to Replace ACA

On ACA Vote, Roskam’s Ideology Trumped The Welfare Of His Own Constituents!

Going against a flood of objections from constituents in his district and right up to the very end when Republican Leaders and President Trump finally pulled the plug and gave up trying to destroy the Affordable Care Act, Congressman Roskam put personal ideology ahead of the welfare of his constituents.  Although he was saved from going formally on the congressional record with his vote when Speaker Ryan pulled the bill rather than have it voted down by his own party, Roskam publicly proclaimed in the media his intent to destroy the Affordable Care Act and jeopardize all of the people it helped.

Illinois Residents To Lose Healthcare Coverage by district

Illinois Residents To Lose Healthcare Coverage by district if ACA eliminated.

Roskam caves to Big Money and Wall Street Again!

Peter Roskam and the big money fat catsCongressman Peter Roskam voted in lockstep with the Trump Administration again putting Big Business ahead of the average American. He joined fellow Republicans in gutting the financial protections put in place in 2010 to rein in risky Wall Street banking practices that led to the 2008 financial collapse that started during the Bush administration.

The House bill, called the Financial Choice Act, attempts to scale back much of Dodd-Frank Wall Street Reform Act rules protecting the U.S. from risky banking practices that almost destroyed the American economy.

The Act also guts the Consumer Protection Bureau that protects consumers from predatory lenders and has provided Americans about $12 billion in refunds, mortgage principal reductions and other relief since 2011.  The new bill also specifically prohibits the bureau from trying to regulate the payday and car-title loans industry.

The Consumer Protection Bureau also played a key role in exposing and punishing Wells Fargo Bank for its fraudulent creation of about 2.1 million unauthorized accounts.

The new Act allows the president to fire the previously independent bureau director for any reason.  The agency’s independent funding would also be eliminated meaning that Congress could effectively defund the entire program at any time if it chooses.

This new bill also would repeal a Labor Department regulation that requires investment brokers who handle retirement funds to put their clients’ interests ahead of their own compensation, company profits or other factors.

The Financial Choice Act, supported by Congressman Roskam, also provides a pathway that would allow any bank to avoid federal regulatory oversight.

Republicans cited a need to make lending easier for mortgages and remove laws that hurt bank profits.  Democrats countered saying that bank profits are up and lending has increased since Dodd-Frank was enacted. Bank profits hit a record $171 billion in 2016, according to the Federal Deposit Insurance Corp. In the first quarter of 2017, profits were up 13% from a year earlier, the FDIC said.

If you disagree with this blatant attempt to cater to big money and Wall Street billionaires by Roskam and other pro-Wall Street Republicans, you should contract your Senator to stop this bill in the Senate before Big Money wins again.