U.S. House of Representatives Committee on Ways and Means

04/15/2021 | Press release | Distributed by Public on 04/15/2021 10:54

Brady on Fox: Democrats’ Fight for Wealthy Tax Cuts is ‘Incredibly Tone Deaf’

Brady on Fox: Democrats' Fight for Wealthy Tax Cuts is 'Incredibly Tone Deaf'

'Here we are struggling to come out of a pandemic. Millions of people are unemployed. A lot of businesses are fighting to stay alive and here these Democrats are insisting on massive tax breaks for the wealthy,' said Ways and Means Republican Leader Kevin Brady (R-TX) on Fox News. 'How incredibly tone deaf.'

In an interview with Neil Cavuto, Brady outlined how repealing the cap on state and local tax (SALT) deductions will harm middle-class families and blue-collar workers.

To watch the full interview, click here.

KEY TAKEAWAYS:

  • Democrats are insisting on a massive tax break for the wealthy,while holding out their support for President Biden's $2 trillion tax hikes on blue-collar workers and families.
  • Repealing the cap on SALT deductions will give liberal governors and mayors a green light for across-the-board tax hikes on low- and middle-class families.
  • According to the liberal Tax Policy Center, 'most of the benefit' of the SALT deduction 'goes to high-income households.'