Statement on Budget Reconciliation Passed by Ways and Means - Taxpayers for Common Sense

Statement on Budget Reconciliation Passed by Ways and Means - Taxpayers for Common Sense

After a marathon markup, the House Ways and Means Committee wrapped up its portion of the budget reconciliation package. Despite the sturm und drang and dozens of amendments, not a single letter or figure in the 389-page bill was changed. In other words, it still adds nearly $4 trillion to the national debt over the next decade—and that’s before any additional changes are made to push the package through a floor vote. That price tag also assumes…

STATEMENT: FFYF’s Sarah Rittling on the House Ways and Means Budget Reconciliation Plans

On Monday afternoon, the House Ways and Means Committee released the full text of their bill to reauthorize the Tax Cuts and Jobs Act of 2017 ahead of Tuesday’s markup. The following is a statement from Sarah Rittling, Executive Director of First Five Years Fund: “While we applaud the Committee for temporarily enhancing the Child Tax Credit and improving 45F (the employer-provided child care credit), there remains a significant need to strengthe…