WASHINGTON, Nov. 2 – Sen. Bernie Sanders (I-Vt.) issued the following statement Thursday after House Republicans released tax reform legislation:

“Donald Trump is labeling the disastrous Republican tax bill as the ‘Cut, Cut, Cut Act’ and he is right. At a time of massive wealth and income inequality, this bill would cut taxes for billionaires by repealing the estate tax. When corporations are making record-breaking profits, this bill would slash taxes for companies that are shifting American jobs to China and profits to the Cayman Islands. And if this bill passes it would blow a giant hole in the deficit, forcing massive cuts to Social Security, Medicare and Medicaid.

“Just as we defeated the Republican health care bill, our job now is to bring people together to defeat this disastrous tax bill and to create an economy and government that works for all of us, not just the 1 percent.”