If you think congressional deadlocks are concerning, just wait until you see what Congress does when it’s in a blinding rush. The House Ways and Means Committee is ready to go from introducing its latest tax bill to House passage in under a week and a half.
Though branded as full of middle-class tax cuts and pro-growth reforms, checking inside this Trojan horse known as The Tax Relief for American Families and Workers Act instead reveals a mixed bag that includes welfare expansions, corporate windfalls, and inflationary deficits.
The only individual tax cut in the bill is a slight cost-of-living adjustment to the child tax credit—likely from $2,000 to $2,100—that would apply to taxpayers’ 2025 and 2026 tax filings before expiring.
The bulk—91.5% to be exact—of what is being described as “middle-class tax relief” is, in fact, an expansion of welfare…
