BURLINGTON, Vt., Dec. 15 – U.S. Sen. Bernie Sanders (I-Vt.) issued the following statement Friday after Congressional Republicans released their final tax bill:

“This tax bill is a moral and economic obscenity. It is a gift to wealthy Republican campaign contributors and an insult to the working families of our country. At a time of massive income and wealth inequality this bill would provide the majority of benefits to the top 1 percent and the largest corporations. Unbelievably, at the end of 10 years it would actually raise taxes on millions of middle-class families and, by creating a $1.4 trillion deficit, would pave the way for massive cuts to Social Security, Medicare, Medicaid and other important programs. No member of Congress should vote for this disastrous legislation.”