Skip to content

Tax Teams Recap: Preventing the Biden-Harris $7 Trillion Tax Hike

August 08, 2024

WASHINGTON, D.C. – In July, the Ways and Means Republican Tax Teams were hard at work, meeting with families, workers and small businesses across the country as the Committee keeps its focus on how to build on President Trump’s successful 2017 tax cuts as well as identify additional tax policy ideas that will shield Americans from the Biden-Harris Administration’s proposed $7 trillion tax hike. Last month, the Tax Teams held over 21 roundtables and listening sessions focused on delivering pro-growth, pro-family, and pro-worker tax policy next year.

Highlights

 Working Families

Working Families Tax Team Chair, Rep. Brian Fitzpatrick (PA-01), joined by Rep. Mike Carey (OH-15), hosted a roundtable with community leaders in Pennsylvania to discuss extending the Child Tax Credit and Guaranteed Deduction that were nearly doubled under President Trump and helped middle-class working families keep more of their money while lifting millions out of poverty.

Community Development

Community Development Tax Team Chair, Rep. Mike Kelly (PA-16), held a site visit to evaluate the role and impact the federal tax code has on housing affordability and accessibility. He was joined by Rep. Blake Moore (UT-01) and Affordable Housing Tax Credit Coalition leaders to discuss the impact of the Low-Income Housing Tax Credit, which has helped finance the development of millions of rental homes since its inclusion in the 1986 tax reform law.

Supply Chains

Rep. Carol Miller (WV-01), Chair of the Supply Chains Tax Team, joined by Reps. Michelle Fischbach (MN-07) and Randy Feenstra (IA-04), hosted a roundtable in Ohio with the American Exploration and Production Council to discuss the importance of American oil and gas drilling for a strong U.S. economy and national security, as well as how tax policy can fuel production and lower energy costs.

Congresswoman Carol Miller (WV-01), joined by Reps. Adrian Smith (NE-03), Mike Kelly (PA-16), Brad Wenstrup (OH-02), David Kustoff (TN-08), Michelle Fischbach (MN-07), Michelle Steel (CA-45), and Randy Feenstra (IA-04), also hosted the former Ways and Means Chairman, Rep. Kevin Brady (TX-08), to talk with the Supply Chains Tax Team about working closely with President Trump in 2017 to lower taxes so that businesses can invest more in their communities, customers  pay lower prices, and more jobs are created.