Democratic Congressman Taking Shot At Repeal Of Trump's Tax Law

Chip Somodevilla/Getty Images Colorado Democrat Jared Polis is unveiling a bill that would repeal the Republican tax cuts. WASHINGTON — As the new tax cuts ushered in solely by Republicans begin to take effect, one Democratic congressman is unveiling a repeal plan, signaling that President Donald Trump's primary opposition is serious about reversing his signature legislative achievement. The legislation, according to a summary viewed by Business Insider ahead of its introduction, would repeal the new tax law and redirect the taxpayer dollars to erasing the $1.4 trillion in student loan debt and investing in Pell grants. Further, even if Democrats retake their majorities, Polis will not be in Congress in 2019 as he is running for governor of Colorado.