McCormick: “I Think the Policy We Should Have Going Forward […] Is to Make Permanent the Trump Tax Cuts”
Business Insider: “McCormick Has Up to $2.2 Million in a ‘Dynasty Trust’ That Allows Him to Evade Wealth Taxes – Potentially Forever”
PENNSYLVANIA — On Tax Day, David McCormick’s support for the disastrous corporate tax giveaway that raised taxes on over 375,000 Pennsylvania families is under new scrutiny. His support for this tax giveaway comes as he skimps on paying taxes on millions of dollars he has hidden away in a dynasty trust, a “pot of money often used by the ultra-wealthy to pass down their wealth.”
Pennsylvania Democratic Party spokesperson TaNisha Cameron issued the following statement:
“David McCormick’s record of prioritizing his bottom line over working Pennsylvanians is disqualifying. While he advocates for making a tax giveaway that raised taxes for hundreds of thousands of Pennsylvanians permanent, he’s doing everything he can to avoid paying his fair share. His out-of-touch agenda is yet another reason why Pennsylvanians can’t trust him to be for them.”
Learn Why David McCormick Won’t Be Paying His Fair Share in Taxes Today:
- McCormick is skimping on paying taxes on millions of dollars he has put in a “dynasty trust” used by the ultra-wealthy to pass down their wealth.
- McCormick supports the disastrous 2017 corporate tax giveaway that hurt Pennsylvanians.
- Over 375,000 Pennsylvania families paid MORE in taxes after the 2017 Tax giveaway.
- Meanwhile, big businesses saw $1 trillion in tax cuts.
- Overall the 2017 tax giveaway added $1.9 trillion to the national debt.
- The law gave tax breaks to companies that outsource jobs overseas, hurting Pennsylvania workers.
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