House Budget Committee Emphasizes Need for Targeted COVID-19 Relief – Not Capital Gains and Payroll Tax Cuts
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“President Trump’s proposals to scale back capital gains and payroll taxes show he is willing to use any excuse – even a global pandemic that has claimed the lives of more than 80,000 Americans – to give another round of tax cuts to the wealthy,”
said House Budget Chairman John Yarmuth (KY-03). “These proposed tax cuts ignore the grim economic reality facing millions of Americans and small businesses and do nothing to meet their urgent need for relief amid the coronavirus crisis.
We need smart, targeted policies that will improve public health, support American incomes, and keep businesses afloat – not add another zero to the bank accounts of wealthy investors.”
