Opportunity Wisconsin calls on House Republicans to reject any attempt to make law permanent and instead support policies like the expanded Child Tax Credit
Monday, December 19, 2022
MADISON, Wis.—Five years ago this Thursday, December 22, the 2017 Tax Cuts and Jobs Act (TCJA) was signed into law by President Donald Trump after receiving support from Representatives Mike Gallagher and Glenn Grothman, in addition to Senator Ron Johnson. As House Republicans prepare to take the majority next Congress, Opportunity Wisconsin is calling on Representatives Gallagher and Grothman, as well as Representatives Bryan Steil, Tom Tiffany, and Scott Fitzgerald to reject any attempts to extend provisions of the TCJA and instead focus on passing policies that support Wisconsin workers and families, such as the expanded Child Tax Credit.
Meghan Roh, Opportunity Wisconsin Program Director:
“Not only did House Republicans like Representatives Gallagher and Grothman support a tax scam that disproportionately benefits the wealthy, but it was done at the expense of working Wisconsinites. Meanwhile, Representatives Gallagher and Grothman, as well as Representatives Bryan Steil, Tom Tiffany, and Scott Fitzgerald continue to stand against laws to bring new, good-paying jobs to the state, bring down the costs of health care and prescription drugs, and cut taxes for families with children. We’re calling on our Congressional delegation to oppose any extension or expansion of the Trump tax scam and instead address the economic needs of their constituents by supporting proven policies like the expanded Child Tax Credit.”
This anniversary comes as Congressional Republicans are sharing plans to make permanent several provisions in the TCJA. Reports indicate they will also push for scrapping some of the law’s tax increases on corporations. Many economists have indicated this move would make inflation worse. In fact, economists have determined that a provision championed by Senator Johnson delivered an average of just $20 to middle-income families, while it was a boon of $25,700 to the wealthiest one percent. In April, Senator Johnson admitted that the tax loophole benefitted his family business and his wealthy donors.
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