STATEMENT ON PROPOSED TAX REFORMS IN BUILD BACK BETTER AGENDA FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

FOR IMMEDIATE RELEASE: September 14, 2021

STATEMENT ON PROPOSED TAX REFORMS IN BUILD BACK BETTER AGENDA FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

“As Congress returns from August recess and gets to work on passing President Biden’s Build Back Better agenda, it’s clear that American families are firmly behind the President’s plan to make critical investments in rebuilding the middle class. Not only do Americans understand that the Build Back Better agenda won’t cost working and middle class families a dime, and that it will in fact lower their taxes — they also support his plan to pay for these investments by repealing the Trump tax handouts to the wealthiest Americans and big corporations.”

“The President’s commitments to continuing to bolster economic growth and giving working and middle class families a historic tax cut are both much needed and deeply supported by the American people. Yet while the Build Back Better agenda centers everyday, working Americans, Republicans in Congress have consistently come down on the side of the wealthy and well-connected. Republicans would rather protect Big Pharma’s ability to price-gouge sick Americans than give Medicare the freedom to negotiate for lower prescription drug prices. They are working to protect tax cuts for the ultra-rich and to allow some of the most profitable corporations to pay $0 in taxes at the expense of lowering the costs for elder care and delivering on historic tax cuts for middle class families.”

“That’s why it’s critical that Congress works to deliver on the President’s agenda. The House Ways and Means Committee’s current proposal marks a significant and positive step forward in the process to ultimately ensuring our tax code and economy rewards work, rather than wealth, so that we can build our nation back better for everyday families and workers.”

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