Warren, Kelly, Murphy Seek Answers on Wealthy Individuals, Corporations Set to Receive Massive Tax Breaks from Republicans

“Republicans’ agenda, as their votes have repeatedly shown, is simple: billionaires win, families lose. The American people deserve to know who President Trump and Congressional Republicans truly represent.”
Text of Letter (PDF)
Washington, D.C. –U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, Mark Kelly (D-Ariz.), a member of the Joint Economic Committee, and Chris Murphy (D-Conn.), a member of the Senate Appropriations Committee, sent a letter requesting that the Joint Committee on Taxation (JCT) calculate and publish the number of wealthy individuals and corporations who might benefit from tax giveaways under Congressional Republicans’ tax plan.
As part of the budget reconciliation process, Senate Democrats led by Senator Warrenforced Republicans to go on the recordwith their plans to give massive tax handouts to the wealthiest Americans and giant corporations. Democrats asked whether Republicans would oppose more tax cuts for people making over $100 million, $500 million, or even $1 billion in a single year;Republicans voted no. When asked whether Republicans would oppose additional tax cuts for corporations making over $1 billion in a single year—including corporations like Amazon, Tesla, and ExxonMobil—Republicansvoted no again.
“While Republicans have claimed that these tax breaks are meant to help working people, their votes don’t lie,”wrote the lawmakers.
The lawmakers asked the committee to share the following information by April 30, 2025:
###