WASHINGTON — U.S. Senator Martin Heinrich joined U.S. Senators Catherine Cortez Masto (D-Nev.), Michael Bennet (D-Colo.), and 42 democratic senators in introducing the Tax Cut for Workers Act to give millions of hardworking Americans a much-needed tax break.
The existing Earned Income Tax Credit (EITC) – the Worker Tax Cut – has been delivering tax relief for millions of workers for decades. But it’s just not enough. This legislation would cut taxes for working class Americans without children, who currently receive a much smaller EITC than workers with children. This expansion would include over 111,000 New Mexicans by nearly tripling the average tax break many of these Americans receive from the existing EITC. It also extends eligibility for the tax cut to workers under the age of 25 and over the age of 64.
“Under this administration, we are seeing incredible tax breaks for the rich like Donald Trump and Elon Musk. Here’s an idea: let’s cut taxes for the middle class instead,” said Heinrich. “Through the Tax Cuts for Workers Act, I am fighting back. I will never stop advocating for the hardworking families New Mexico struggling with rising costs. Because it’s time our economy works for the people who build it — not just those who bankroll it.”
In addition to Heinrich, Cortez Masto, and Bennet, the follow cosponsors include Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Patty Murray (D-Wash.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).
Read the full bill here.