Senator Warren To Give Speech On Tax Agenda

Progressive Democrat Senator Elizabeth Warren (D-MA) will deliver a speech today calling on Democrats to “stiffen their spines” for the upcoming debate on taxation as former President Donald Trump’s first-term tax cuts expire in 2025.

• Warren will say, at an event hosted by the Washington Center for Equitable Growth, “At the end of the 2025 tax reform process, large corporations must pay higher taxes. A typical billionaire must pay a higher tax rate than a typical middle-class family. Wealthy tax cheats must be sweating because the IRS has enough money to enforce the law.”
• Punchbowl News reports Warren will also, “address the Wyden-Smith tax deal and criticize it for doing more for corporations than poor families. Warren plans to argue that Senate Republicans still “tanked the deal because they believe they can get even more next year, and Democrats won’t have the spine to stop them.””
• Punchbowl adds: “Warren’s speech comes as Senate Finance Committee Democrats are set to hold a meeting Thursday kicking off their 2025 prep… Warren holds significant sway with Democrats on economic policy, and fellow progressives are also ramping up to influence the big tax debate.”
• Warren’s speech comes as Republicans prepare an ambitious and organised 2025 agenda, to be legislated via budget reconciliation, that is expected to include the expansion and extension of Trump-era tax cuts.
• Senator James Lankford (R-OK) said: “It’s six months out; we’ve got to prepare… The American people will decide that in November, but we should start talking about it, starting with taxes.”