Press Releases

Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement responding to Republicans’ tax legislation that will be marked up in Committee next week:

“It’s Republican clockwork. Not even a week after their manufactured default crisis and it is back to tax cuts for the wealthy and well-connected. This stoops to a new low even for them: retroactive corporate tax cuts, next-to-nothing for the most vulnerable children and families and sneaking in favors for Big Oil. Make no mistake about it, they are laying the groundwork for even bigger cuts in 2025, and the only way they will ever achieve a balanced budget is by sticking seniors and working families with the bill. And while Americans are sheltering inside to avoid the fallout of climate-spurred wildfires, Republicans think now is a good time to repeal the largest climate investment in our history to pay for their corporate handouts.

“When Democrats cut taxes, workers and families can afford life’s necessities, and the child poverty rate plummets. When Republicans cut taxes, they falsely claim they will pay for themselves, and workers’ wages will rise. It’s failed trickle-down economics. It didn’t work in 2001, or 2003, or 2017, and it won’t work now. They will pay lip service to small businesses and workers, but once again, Republicans are stacking the deck against them, making it clear that powerful corporate donors are their top priority.” 

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