Tax Relief for American Families and Workers Act of 2024

Floor Speech

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Ms. DeLAURO. Mr. Speaker, I cannot vote for a deal that so lopsidedly benefits big corporations while failing to ensure a substantial tax cut to middle- and working-class families.

The deal is inequitable at a time when we have seen the greatest rise in inequality. Big corporations made super profits at the expense of the consumer. It is a mockery of who representative government works for: massive tax cuts for the biggest corporations, while denying middle-class families the economic security they had under the expanded, monthly child tax credit.

Let us be unequivocal. This is a reversal of the largest middle-class tax cut in history. This bill provides billions of dollars in tax relief for the wealthy, pennies for the poor.

The biggest corporations, who have paid no Federal income tax, are the beneficiaries of this deal. Big corporations are richer than ever. This is no even split.

Families today live paycheck to paycheck, not seeing their wages keep up with rising costs. The economy is not working for them. The bill fails to improve the child tax credit, leaving millions of middle-class families without the tax cut they received in 2021. It keeps millions of children in preventable poverty while giving the biggest tax breaks to the biggest corporations.

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