DeLauro Statement on Tax Package Vote

WASHINGTON, DC – Today, Congresswoman Rosa DeLauro (CT-03) released the following statement on her vote against the tax package deal.

“I voted against the tax package that came to the floor of the House of Representatives this evening. I could not vote for a deal that so lopsidedly benefits big corporations while failing to ensure a substantial tax cut to middle- and working-class families. This deal is deeply inequitable—at a time when we have seen the greatest rise in inequality with the biggest corporations making super profits at the expense of the consumer. It is a mockery of who representative government works for.

“This bill delivers massive tax cuts for the biggest corporations while denying middle class families the economic security they had under the expanded, monthly Child Tax Credit. This is a reversal of the largest middle-class tax cut in history. The bill provides millions of dollars in tax relief for the wealthy and pennies for the poor.

“This package is a win for the biggest corporations, who have paid no federal income tax, not the middle-class families who are struggling with the rising cost of living. At a time when big corporations are richer than ever – this deal is not equitable. Families today are living paycheck to paycheck. Their wages have not kept up with rising costs. The economy is not working for them. And – to our great shame – it is children who will suffer the most.

“The expanded, monthly Child Tax Credit is an antidote to child poverty – a successful tool that lifted half of our children out of poverty virtually overnight. This 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 millions to the wealthiest corporations.

“An extension of the expanded, monthly Child Tax Credit is what our country needs and deserves. It is one of the best things we can do to improve the economic wellbeing and security of the most vulnerable American families and bring back the largest middle-class tax cut in history. I will keep fighting for the expanded and improved Child Tax Credit that we delivered for all families in 2021—because our children deserve no less.”

A side-by-side comparison of the American Rescue Plan and the tax deal can be found here.

A fact sheet on which corporations pay little to no tax can be found here.