Rep. Ron Kind, a member of the tax-writing House Ways and Means Committee, today voted against the GOP bill, H.R. 8, which would increase taxes on 25 million middle class families, including military families and veterans, by reducing and eliminating important tax credits that they rely on.
"We should not be giving $1 trillion in tax breaks to the wealthiest two percent while at the same time asking our hardworking middle class families, including military families, to pay more," said Rep. Kind.
The GOP extends tax cuts for the wealthiest while raising taxes on millions of families. The bill reduces the Child Tax and the Credit Earned Income Tax Credit and puts an end to the American Opportunity Tax Credit, which helps make college more affordable for middle class families. All this means a $1000 tax increase for 25 million American families, including military families who are disproportionally impacted.
"We are clearly in need of critical spending reform if we ever expect to get our deficits in order and our economy back on track," said Rep. Kind. "We must come together in a bipartisan fashion to get our fiscal house in order. Congress needs to move forward on a long-term deficit reduction plan while working to protect our small businesses and family farmers and ensuring middle class families have the certainty they need to weather this economy."