As a second Trump administration approaches, we’re running out of time to confirm as many federal judges as possible to provide a check on his presidential power and curb his stated policy priorities.
All of us will need to receive or provide care for ourselves or a loved one at some point in our lives. Using tax dollars to build and invest in child care, paid leave, and aging and disability care would help more families meet their caregiving needs and build their financial security, while helping to grow a robust economy. But right now, the richest individuals and the wealthiest corporations do not pay their fair share in taxes. This means we lose out on billions of dollars that could go toward funding care supports that women and families need.
In 2017, the Republican-controlled Congress passed a tax package, which was signed into law by President
Trump. The 2017 tax law (also known as the Tax Cuts and Jobs Act, or TCJA) overwhelmingly benefited the wealthy. Some of the tax provisions were permanent, but many were temporary. The bulk of the temporary provisions will expire at the end of 2025 without Congressional action. So 2025 represents our best opportunity to put an end to these tax cuts for the top 1%, and instead change course to make the wealthiest and big corporations pay their fair share in taxes so we can invest in women, families, and communities.
The 2017 tax law failed. It cost the public trillions of dollars in decreased federal tax revenue by primarily cutting taxes for the wealthiest, while failing to deliver on any promised benefits. The 2025 expirations are a key opportunity to shape the tax code to reflect our values – and then invest in care so women and families struggling to care for their loved ones and the women of color who do this critical work for low pay can all succeed in our economy. We should not give one more penny in tax breaks to the top 1% and wealthy corporations that exploit loopholes and avoid taxes, while working families are forced to solve the care crisis on their own. We can join together to demand that our government make the wealthiest individuals and corporations pay their fair share in taxes so we all can thrive.