Mr. President, all across the country, people are starting to fill out their tax returns. Usually, this is a time of the year that the American people dread but not this year. This year, it is different. It is different because of…
Mr. President, all across the country, people are starting to fill out their tax returns. Usually, this is a time of the year that the American people dread but not this year. This year, it is different. It is different because of legislation that we passed and that was signed into law on the Fourth of July.
The reason it is different this year is the American people will be getting bigger and bigger tax refunds than they have in the past. This financial relief is the direct result of the Republicans' Working Families Tax Cuts law. The tax cuts are dramatic. Republicans pledged to cut taxes. We did it for middle-class families. These are people that need a much needed boost in the money in their pockets. We delivered.
The Tax Foundation estimates that the average refund this year will be about $1,000 higher than it was last year--$1,000 for each one of these refunds. Treasury Secretary Scott Bessent believes that the refunds will be even larger than that. In total, American families will receive this year in refunds about $100 billion more than last year. This is money going directly into the pockets of American families. Working families know best how to use that money. Families know what money they want to spend, they want to save, they want to invest. Let's let the American people make that decision, not the government.
Republicans' policies mean Americans keep more of the money they earned. That is what they have been telling us for years. And all of these policies were signed into law as part of the Working Families Tax Cuts law: a permanent lower tax rate on Americans; a permanent increase in the standard deduction; a permanent increase in the child tax credit--$2,200 for each child each year; no taxes on tips for waiters or barbers or bartenders or other tip workers; no tax on overtime for nurses and firefighters, police officers, coal miners, linemen; higher payments for millions of seniors living on Social Security.
Importantly, all the tax changes that I just mentioned apply retroactively. It is on last year's earnings, so the benefits are going to be realized in this year's tax returns. That means that Americans are paying lower taxes not just in the future but right now, today, and just about every single taxpayer in America is going to benefit.
Republicans' Working Families Tax Cuts law breaks Americans free of the punishing taxes of Joe Biden's unaffordable economy. That was an administration of high prices and high taxes. America hasn't experienced such a dramatic turnaround since Ronald Reagan reversed the failures of Jimmy Carter.
Moreover, last year, Republicans blocked the Democrats' goal to raise taxes by $4 trillion. Every single Democrat in the U.S. Senate--every single Democrat in this Chamber--voted to increase taxes by $4 trillion. Had Democrats succeeded, our Nation wouldn't see this largest tax cut; they would have seen the largest tax increase in American history--a $4 trillion tax increase. Not a single American would say that a $4 trillion tax increase was something they could afford, but the Democrats wanted to force-feed it down the American people's throats.
Democrats are proven to be the party of high taxes. It is getting worse. Last week in Virginia, they swore in a Democrat Governor. In the State of Virginia, Democrats now control the house, the senate, and the Governor's mansion, and they are determined to steer it hard to the left. Virginia is a roadmap to the radical policies that Democrats want to pursue nationwide.
So what do they want to do? They want taxpayers to fund instate tuition for illegal immigrants. There they go again. The Democrats--the people that wanted to defund the police, the people that shut down the government to support illegal immigrants--now want to send instate tuition to illegal immigrants.
Democrats want to raise taxes anywhere they can think of it. They are going to do it in barbershops, nail salons, drycleaners, and gyms.
Mr. President, in your home State of Montana, how do you think this would fly there?
Democrats want to raise sales tax by 11 percent on all firearms and ammunition. That is what the Democrats are doing now in their effort in Virginia. That is their model. That is where they are heading. They even want to introduce a backdoor carbon tax--a tax that would increase families' electric bills by over $1,000 a year. That is going to wipe out the refund increases families are going to get. The State of Virginia wants it taken away from the benefits people are receiving.
It is astonishing. You can't believe this. They want to ban gas- powered leaf blowers because they don't want to use the gasoline. Don't use gasoline. At the same time, they want to tax the battery-powered lawn equipment. So you can't use gas, and you have to pay more taxes when using batteries.
These are far-left policies, and these things just prove the Democrat Party remains radical, extreme, dangerous, and scary. That is where they want to take the country. This is what their record reveals, whether they are the radicals now that have taken over the government in the State of Virginia, whether they are in New York City, whether they are in California, or the Democrats right here in this Congress.
Fortunately, for the pockets and purses and paychecks of Americans, Republicans are focused on making our country more prosperous. We promised to deliver prosperity for all Americans. That is exactly what we are doing. And the bigger refunds that Americans are going to see this year prove it.
I yield the floor.