Democrats Offer Alternative Tax Cut for Working Americans
Proposal in contrast to Republican plan to cut taxes mostly for ultra-wealthy, corporations
While Republicans on Capitol Hill push through budget legislation aimed at slashing Medicaid, food assistance and other vital federal programs in service of pushing through another round of tax breaks for the ultra-wealthy, Senate Democrats have introduced an alternative aimed at cutting taxes for working Americans.
Some 45 Democratic senators are backing the Tax Cut for Workers Act, to give millions of working Americans a much-needed tax break.
In stark contrast to the Republican billionaires-first tax plan that is making its way through Congress, the Tax Cut for Workers Act offers a fiscally responsible way to help eligible families retain more of their earnings, supporters say. It would help increase economic security and ease the financial burden on American families caused by the Trump administration’s chaotic policies, they add.
The Tax Cut for Workers Act is part of Senate Democrats’ comprehensive plan to bring relief to the American people, and it is being introduced along with measures to permanently expand the federal Child Tax Credit.
Senate Democrats are focused on working Americans who make this country great versus the Trump Republican tax plan to increase the debt and give billionaires a tax cut they don’t need.
The existing Earned Income Tax Credit (EITC) – which Democrats call the “worker tax cut” — has been delivering tax relief for millions of workers for decades. But it’s just not enough, and congressional Democrats say they are determined to give more working Americans a tax break.
This legislation would cut taxes for working-class Americans without children, who currently receive a much smaller EITC than workers with children. This expansion would by nearly tripling the average tax break many of these Americans receive from the existing EITC. It also extends eligibility for the tax cut to workers under the age of 25 and over the age of 64.
“With costs skyrocketing right now thanks to the Trump administration, millions of hardworking Americans need expanded tax relief to keep a roof over their heads and food on the table for their families,” said Sen Catherine Cortez Masto, of Nevada, one of the Democrats behind the legislation. “This bill is focused on those who really need a tax cut – middle-class Americans who contribute to our economy – not Donald Trump’s billionaire friends.”
Read the full bill text.
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