Majority Leader | Research | The Leader Board | THE NEWSR...Skip to primary navigation Skip to content×Close THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNE×Close THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNExxsearchxMENUFacebookXInstagramFacebookXInstagramVisit Leader Thune's South Dakota Site Here THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNExxsearchxMENUHomeTHE NEWSROOMThe Leader Board03.27.25Democrats Seem Content With a $4 Trillion Tax IncreaseAs Republicans Work to Keep Money in the Pockets of Families and Small Businesses, Democrats Are Vowing to Fight for Higher Taxes REPUBLICANS ARE WORKING TO ENSURE AMERICANS KEEP MORE OF THEIR HARD-EARNED MONEY BY MAKING THE 2017 TAX CUTS AND JOBS ACT PERMANENT“One of the signature accomplishments of President Trump’s first term was the Tax Cuts and Jobs Act. Making that tax relief permanent is a priority for President Trump and congressional Republicans. We are hard at work laying the groundwork to protect American families, small businesses, and farmers and ranchers from a tax hike next year, and we will keep working to put more money in hardworking Americans’ pockets.” – Senate Majority Leader John Thune (R-S.D.)“The 2017 tax bill increased take-home pay and powered a growing economy. Individuals across all income brackets received a tax cut, not just--as opponents suggest--for the uber wealthy. In fact, the Trump tax cuts made the tax code more progressive, meaning the highest income earners now pay a greater share of all income taxes than they did before 2017… As American families contend with increased costs of everyday living, the last thing they need is another massive tax hike on top of that inflation. Failure is simply not an option.” – Senate Finance Committee Chairman Mike Crapo (R-Idaho)Congressional Republicans and the Trump administration are “unified on a host of key procedure and policy issues that will drive the next few months of high-stakes legislating.”(Punchbowl News AM: Surprise! Republican leaders get unified on reconciliation – 3/26/25)“Thune told reporters he is hoping the Senate will act on a budget resolution in the next three weeks that would lay the groundwork for moving a package later this year…”(The Hill: Thune, Johnson seek breakthrough on stalled Trump agenda – 3/25/25)“If Congress doesn’t act by the end of 2025, income taxes will go up for most households. An analysis by the Tax Foundation shows that, on average, taxes would rise in every single county in the country—urban or rural, wealthy or poor…”(The Wall Street Journal: Where Taxes Would Rise the Most if Trump’s Tax Cuts Expire – 9/1/24)“[L]etting the tax reforms lapse would result in a $4 trillion tax increase in 2026...”(The Wall Street Journal: Editorial: Republicans Reconcile on Taxes – 2/14/25)DEMOCRATS WERE ALREADY VOWING TO RAISE TAXES IF THEY WERE SUCCESSFUL IN NOVEMBER’S ELECTIONS AND NOW ARE “FIGHTING BACK EVERY STEP OF THE WAY” TO RAISE TAXES“You know what their attitude is, ‘I made my money all by myself. How dare your government take my money from me. I don’t want to pay taxes.’ Or, ‘I built my company with my bare hands. How dare your government tell me how I should treat my customers, the land and water that I own, or my employees.’ They hate government.” – Senate Democrat Leader Chuck Schumer (D-N.Y.)“[T]ossing a few crumbs their way is not an excuse for taking a lousy tax deal that puts our nation deeper in an economic hole and puts the things we need further out of reach.” – Sen. Elizabeth Warren (D-Mass.)“The main goal here is this can’t just be a debate about the 2017 tax cuts. This is going to be Tax Armageddon. It’s time to suit up.” – Sen. Mark Warner (D-Va.)“We’re fighting back every step of the way to make sure that doesn't happen.” – Sen. John Hickenlooper (D-Colo.)“We will NOT let them do this the easy way. I'll be doing everything I can to make this as painful as possible for Republicans & put them on record.” – Sen. Patty Murray (D-Wash.)“Democrats are forging plans to raise tax rates on companies and wealthy individuals next year if they hold the White House and win control of both houses of Congress, as the party’s leaders increasingly see tax policy as a winning issue on the campaign trail.”(The Washington Post: Democrats’ plan to tax the rich and corporations begins to take shape – 6/21/24)“Schumer and House Minority Leader Hakeem Jeffries (D-N.Y.) met earlier this year to discuss how the party can turn the GOP's tax-cut plans into political poison.”(Axios: Scoop: Schumer's reconciliation training camp – 3/24/25)DEMOCRATS HAVE A LONG HISTORY OF RAISING TAXES AND OPPOSING TAX CUTSEvery Senate Democrat in the 115th Congress voted against the 2017 Tax Cuts and Jobs Act (TCJA), which lowered taxes for every income group.(H.R. 1: Roll Call Vote #323 – 12/20/17; The New York Times: Face It: You (Probably) Got a Tax Cut – 4/14/19)“For households, the law cut tax rates, increased tax credits for families with children, sharply narrowed the alternative minimum tax and expanded the standard deduction — the minimum amount someone can earn before income taxes kick in.”(The Wall Street Journal: Did the U.S. Tax Overhaul Do What It Promised? – 1/4/20)Then-House Democrat Leader Nancy Pelosi (D-Calif.) described bonuses given out by businesses to workers thanks to the TCJA as “crumbs,” despite the bonuses being as large as $2,000.(Fox News: Pelosi slams company bonuses as 'crumbs' despite once praising $40 tax cut – 1/15/18)Every Senate Democrat in the 117th Congress voted to pass the so-called Inflation Reduction Act, which raised taxes on oil and gas companies. One year after the bill’s passage, foreign companies were the main beneficiaries of $110 billion in government spending.(H.R. 5376: Roll Call Vote #325 – 8/7/22; Reuters: Oil and Gas Companies Will be Most Impacted by Inflation Reduction Act, Moody’s Says – 9/7/22; The Wall Street Journal: The Biggest Winners in America’s Climate Law: Foreign Companies – 7/20/23)President Biden’s 2024 budget proposal called for raising taxes “by nearly $4.7 trillion and would increase revenue and spending to unprecedented plateaus as a share of the economy.”(The Wall Street Journal: Editorial: All the President’s Tax Increases – 3/9/23)AFTER FOUR YEARS OF BIDENOMICS, AMERICANS REJECTED DEMOCRATS’ HIGH-TAX PLANS LAST NOVEMBER“Biden’s proposals will highlight the biggest differences between the two parties on an issue—tax policy—that will be crucial during the campaign and in 2025.”(The Wall Street Journal: Biden Pushes More Corporate-Tax Hikes – 3/7/24)Americans made their voices heard and chose a different direction:“Two thirds of voters described the economy as bad, and those voters who did went big for Trump.”(CBS News: How Trump won the 2024 election — CBS News exit poll results – 11/8/24)“And on a personal level, more said they were worse off financially compared to four years ago — and 8 in 10 of those voters backed Trump.”(CBS News: How Trump won the 2024 election — CBS News exit poll results – 11/8/24)“Those who said inflation was the most important factor for their vote were almost twice as likely to support Trump over Harris, and about 6 in 10 voters who said the economy and jobs were the most important issue facing the country were in his camp.”(The Associated Press: AP VoteCast: Voters who focused on the economy broke hard for Trump – 11/8/24)PrintEmailTweetPreviousTHE NEWSROOMSENATE RESOURCESABOUT LEADER THUNEFacebookXInstagram
