Tax Policy

Joint Center Joins Over 100 National Organizations in Calling for Congress to Reform Tax Codes

The Joint Center signed a letter, drafted by Groundwork Collaborative, alongside over 100 national organizations in a tax working group, urging Majority Leader Charles Schumer (D-NY), Minority Leader Mitch McConnell (R-KY), Speaker Mike Johnson (R-LA), Minority Leader Hakeem Jeffries (D-NY), Senate Finance Committee Chair Ron Wyden (D-OR), Senate Finance Committee Ranking Member Mike Crapo (R-ID), Committee on Ways and Means Chair Jason Smith (R-MO), and Committee on Ways and Means Ranking Member Richard Neal (D-MA) to use the opportunity of the expiring Trump tax cuts in 2025 to reform the tax codes and address economic inequality.

The letter calls for large corporations to pay a higher effective tax rate while also restoring essential support systems for children and families with low or moderate income and families who’ve experienced discrimination.

Additionally, the letter calls for an increase in generated tax revenue to support essential investments for Americans and fulfill commitments to senior citizens, families, and underfunded communities, and reduce fiscal risks.

Lastly, it emphasizes that any new 2025 tax reform efforts will support more sustainable and inclusive economic growth by providing financial security and opportunities, narrowing the racial wealth divide by enhancing economic mobility, and discouraging large corporations from engaging in practices that harm the economy.

Read the letter here, or below.

EMBARGOED 052124 Tax Letter To Congress