***VIDEO AVAILABLE***
Video of the Senator’s remarks at a press conference introducing this critical legislation is available here.
Video download is available here.
Washington, D.C. – Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Michael Bennet (D-Colo.) led 43 of their Senate colleagues in introducing the Tax Cut for Workers Act to give millions of working Americans a much-needed tax break. Cortez Masto’s bill is part of Senate Democrats’ comprehensive plan to bring relief to the American people, and it is being introduced with the Senators’ American Families Act to permanently expand the Child Tax Credit. The Tax Cuts for Workers Act will be introduced in the House of Representatives by Congressmen Dwight Evans (D-Pa.) and Ro Khanna (D-Calif.).
“With costs skyrocketing right now thanks to the Trump administration, millions of hardworking Americans need expanded tax relief to keep a roof over their heads and food on the table for their families,” said Senator Cortez Masto. “This bill is focused on those who really need a tax cut – middle-class Americans who contribute to our economy – not Donald Trump’s billionaire friends.
“Working people need relief more than ever. The Trump Administration’s reckless tariff policy will cost the average American family upwards of $3,800 annually,” said Senator Bennet. “These tariffs, coupled with an extension of Trump’s tax cuts for his billionaire friends, are an insult to hard working Americans. Senator Cortez Masto and I are committed to passing real tax relief for middle-class families through the Child Tax Credit and the Earned Income Tax Credit.”
The existing Earned Income Tax Credit (EITC) – the Worker Tax Cut – has been delivering tax relief for millions of workers for decades. But it’s just not enough, and Cortez Masto is determined to give more working Americans a break. Her legislation would cut taxes for working class Americans without children, who currently receive a much smaller EITC than workers with children. This expansion would include over 136,000 Nevadans by nearly tripling the average tax break many of these Americans receive from the existing EITC. It also extends eligibility for the tax cut to workers under the age of 25 and over the age of 64.
Read the full bill here.
Additional cosponsors include Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Martin Heinrich (D-N.M.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Patty Murray (D-Wash.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).
Senator Cortez Masto has consistently supported efforts to cut taxes and lower costs for hardworking Nevadans. She helped pass critical expansions to the Child Tax Credit in the American Rescue plan, and has been fighting to permanently increase this vital relief for working families. Cortez Masto also helped introduce the No Tax on Tips Act to exempt tipped wages from federal income tax. Additionally, Senator Cortez Masto supports raising the federal minimum wage and eliminating the minimum wage gap for tipped workers nationally.
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