Sanders: Passage of GOP tax bill a 'victory' for Koch brothers, campaign donors, corporations

Sen. Bernie SandersBernie SandersJoe Biden wins New Jersey primary Biden wins Delaware primary Military madness in the age of COVID-19 MORE (I-Vt.), on Tuesday, blasted the GOP tax overhaul bill, arguing that its expected passage is a "victory" for the Koch brothers, Republican campaign donors, large corporations and even some lawmakers.

"Today marks a great day for the Koch brothers and other billionaire, Republican campaign contributors who will see huge tax breaks for themselves while driving up the deficit by almost $1.5 trillion," Sanders said in a video posted on Twitter.


"Today is also a victory for the largest and most-profitable corporations in this country like Apple, Microsoft, Pfizer and General Electric, who, despite record-breaking profits, will now see hundreds of billions of dollars in tax breaks," he added.

Sanders also indicated that some of his own colleagues had a personal financial interest in passing the bill, pointing to lawmakers who have real estate investments and will benefit under the new plan.

"Today is also a victory for a number of members of the United States Congress who have significant investments in real estate who, with this vote, will substantially lower the taxes that they pay and will further enrich themselves," he said.

The progressive lawmaker joined Democrats in blasting the bill.

He said the bill helps the rich get richer while disproportionately hitting millions of middle-class households with higher taxes, citing the Tax Policy Center's analysis, 

Sanders's critical remarks came shortly after the House approved the final version of the Republican bill, passing the measure that will overhaul the nation's tax code by a vote of 227-203.

The vote, in which 12 Republicans opposed the bill with no Democratic support, pushes Republicans closer to their first major legislative win. 

The Senate is expected to pass the measure later Tuesday, sending it to President TrumpDonald John TrumpNew Jersey incumbents steamroll progressive challengers in primaries Tucker Carlson ratchets up criticism of Duckworth, calls her a 'coward' Trump on Confederate flag: 'It's freedom of speech' MORE for his signature.