Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact of that tax break.
With so much at stake in President Trump’s tax scam, advocates for women and families are telling members of Congress to say NO to what Trump and the GOP have planned for giveaways to wealthy people and corporations and YES to the notion that everyone deserves an opportunity to succeed and thrive regardless of their income, identity, or background.
The Senate voted to pass a sweeping GOP tax bill on Saturday morning while Americans were sleeping, in a move that was sharply criticized by both Democrats and the public. While the biggest takeaway is that the wealthiest people and big corporations would receive massive tax cuts and reap the most benefits, the GOP tax bill would dramatically affect millennial women by slashing investments in women and families programs, gutting a key provision of the Affordable Care Act, and placing more financial burdens on young women.
In the months leading up to Tuesday’s vote on the GOP tax plan, top White House adviser Ivanka Trump has been touting the legislation as a de facto win for American women and their families.
Women of Wealth speak out against the tax bill. See how they are banding together.