U.S. Senator Katie Britt: Send Tax Package Back to Committee to Fix Critical Flaws

Supports pro-growth business policies and pro-family tax credits

WASHINGTON, D.C., August 1, 2024 – U.S. Senator Katie Britt (R-Ala.) released the following statement after voting against Senator Schumer’s attempt to rush a flawed tax package through the Senate.

“I support several provisions in the tax package, including restoring full expensing of the research and development tax credit and the goal of supporting children and their families. However, I cannot support ramming through a bill that would have serious unintended consequences. On top of its significant cost, fundamentally flawed pay-for, and weak work requirements, the bill would incentivize more people to illegally cross the U.S. southern border and benefit off of the American taxpayer—all while America already faces a mass migration crisis due to the Biden-Harris Administration’s reckless policies. Senator Schumer should allow this bill to go through the Senate Finance Committee, where critical flaws and loopholes can be fixed so we ensure the tax code truly benefits American families and businesses,” said Senator Britt.

Senator Schumer usurped traditional committee process to force a procedural vote on this tax package without allowing for a committee hearing or debate. He also would not provide assurances of an open amendment process on the Senate floor. Both opportunities would have allowed for Senators to negotiate through regular order, consider, and vote on changes to correct the critical flaws in the bill. Furthermore, Senator Schumer has scheduled this bill as the last vote before he sends the Senate home for five weeks – he clearly has no intention of starting bipartisan negotiations.

Senator Britt supports the Child Tax Credit and the benefit it provides to America’s working families. She opposes the components of the bill that weaken work requirements. With today’s U.S. labor force participation rate below the long-term average, it is far from time to reduce work requirements. The legislation also would enable illegal aliens to receive the tax credit.

Senator Britt, as a strong advocate for small businesses in Alabama, supports a long-term solution to addressing the three expiring business tax provisions in the bill. When they were originally passed under President Trump, these tax provisions created substantial growth opportunities across the U.S. economy and were important to small businesses in Alabama because they allowed businesses to plan for more than one year. Frustratingly, the bill Senator Schumer brought up today is only a temporary solution. Moving forward, Senator Britt will fight to ensure Congress passes a more permanent solution to bring long-term tax relief and certainty to Alabama businesses and working families.

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