Express support for tax provisions providing financial relief to working families?
This resolution expresses support for tax policies aimed at benefiting working families, with a particular emphasis on provisions enacted under the “Working Families Tax Cuts.” It highlights the importance of maintaining and expanding tax measures that provide financial relief to households, including tax cuts on tips and overtime pay, expanded tax credits, and deductions for seniors and auto loans. The resolution also emphasizes increasing take-home pay, supporting economic stability, and promoting economic growth, while strengthening families and the broader U.S. economy.
Sponsor: Rep. Mike Kelly (Republican, Pennsylvania, District 16)
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How do you feel?
Opponents say
• "...ordinary families will pay the cost in terms of higher mortgages, higher inflation. It looks good upfront, but when you look at the full set of effects, they are a problem.” Source: Jason Furman, former Chair of the Council of Economic Advisers
• "It is really striking that this bill is both as fiscally irresponsible as it is regressive. People making less than $50,000 a year will actually see their incomes go down, and it’s really to finance tax cuts for largely high-income people.” Source: Daniel Hornung, Former deputy director of the National Economic Council under Biden.
Proponents say
• "The Working Families Tax Cuts are about opening the books for the American people. We want Americans to see exactly how President Trump’s policies will strengthen small businesses, allow workers to keep more of their hard-earned money and spur economic growth." Source: Scott Bessent, Secretary of the Treasury
• "The American people are fed up with Washington Democrats putting political elites, their wealthy and well-connected donors, and illegal immigrants ahead of the interests of working-class families. That’s why Republicans in Congress secured historic pro-America, pro-taxpayer wins in the Working Families Tax Cuts, many of which are longtime conservative priorities." Source: Rep. Jason Smith, (Republican, Missouri, District 8), Ways and Means Committee Chairman
