Tax Notes Talk

House Taxwriter Talks Democratic Priorities, Responds to OBBBA

9 snips
Jul 18, 2025
Steven Horsford, a US Representative from Nevada and a key member of the House Ways and Means Committee, dives into the New Democrat Coalition's tax strategies. He discusses a new tax framework aimed at bolstering working families and small businesses. The conversation highlights the need to revamp tax policies impacting tipped workers, scrutinizes recent gambling tax changes, and advocates for bipartisan solutions that prioritize healthcare, education, and equitable tax reforms for the middle class.
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INSIGHT

Coalition's Tax Plan Focus

  • The New Democrat Coalition's tax plan centers on aiding working families, not billionaires or big corporations.
  • It emphasizes rewarding work, supporting small businesses, and promoting fiscal responsibility without increasing the federal debt.
INSIGHT

Child Tax Credit and Clean Energy Priorities

  • Democrats want to permanently expand the child tax credit and enhance dependent care relief for working families.
  • The GOP bill phases out clean energy credits, risking millions of jobs, whereas Democrats seek to preserve them.
ADVICE

Protect Clean Energy Credits

  • Lawmakers should reconsider the phasing out of clean energy tax credits to protect jobs and projects.
  • Bipartisan cooperation is needed to prevent the loss of billions in clean energy investments.
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