The Ways and Means Committee is set to hold a hearing on expanding the 2017 Trump tax cuts, aiming to further assist hardworking Americans and continue policies that created record low unemployment and lifted millions out of poverty. This move comes as President Biden explores tax increases that some argue could negatively impact working families, with critics saying these cuts enrich shareholders and high-paid executives. Meanwhile, supporters of the Biden administration highlight the strong labor market, with unemployment below 4 percent for 26 months, the longest streak in over 50 years, and economic growth under his leadership. The debate underscores a stark contrast in fiscal policy approaches, with Republicans seeking to build on previous tax cuts and Democrats emphasizing investment in workers and families.
ICYMI: The latest jobs report shows just how strong our labor market is. Unemployment has been below 4 percent for 26 months in a row, the longest time in over 50 years. Under @POTUS Biden, our economy isn't just growing - it's leading the world.
🚨Hearing alert! I’m joining my @WaysandMeansGOP colleagues for a hearing to continue providing tax relief to working families by expanding the successful 2017 Trump tax cuts. You can tune in here: https://t.co/GxstNiBqo8
Since @POTUS took office, he’s been breaking record after record, showing that when you invest in workers and their families, our economy grows, and we all win. Contrast that with Republican Tax Cuts that enrich shareholders and high-paid execs. https://t.co/UxcEZMQGGl
As @POTUS looks to implement policies that will raise taxes on the middle-class, @WaysandMeansGOP is working to expand provisions from President Trump’s tax package that created record low unemployment & lifted millions out of poverty. TUNE IN to our hearing as we discuss more…
Today the Ways and Means Committee will hold a hearing on expanding on the success of the 2017 Trump tax cuts to help hardworking Americans. While President Biden is exploring tax hikes that will hurt working families, Congress should focus on policies that provide tax relief.