Davids Unveils Comprehensive Tax Reform Framework to Lower Costs, Expand Economic Opportunity, Promote Fiscal Responsibility

Today, Representative Sharice Davids joined the New Democrat Coalition in unveiling a new Tax Framework aimed at advancing commonsense reforms that deliver better outcomes for Kansas’ hardworking families, support small businesses, and strengthen our long-term economy.

The Framework stands in clear contrast to President Trump and Congressional Republicans’ extreme tax plan, which slashes health care and nutrition support for working families to pay for tax breaks for billionaires — adding $3.3 trillion to the national debt.

“We should be focused on finding commonsense solutions that lower costs for hardworking families — not on extreme proposals that only benefit billionaires and the wealthiest corporations,” said Davids. “This new framework puts Kansas families and small businesses first by lowering costs, supporting job creation, and ensuring we grow the economy without adding to the national debt.”

The Framework lays out a policy roadmap capable of amassing support on both sides of the aisle, including more than 20 pragmatic solutions that fall into one of three principles: lowering costs for middle class families and hardworking Americans; expanding economic opportunity and growing American jobs and businesses; and promoting fiscal responsibility and long-term economic security. 

Framework Goals (read more here):

1. Lower Costs for Working Families:
   • Support American Families and Children
     • Ex: Extend the expanded, refundable Child Tax Credit
   • Reward Work and Support Economic Mobility
     • Ex: Simplify and expand access to work-related tax benefits, including commuting and caregiving expenses
   • Make Higher Education and Training More Affordable
     • Ex: Update the tax code to recognize modern training and credentialing programs to support lifelong learning and upskilling
2. Sustained Economic Growth and Grow American Jobs and Businesses:
   • Strengthen Innovation and Investment
     • Ex: Support tax incentives for domestic research and development and manufacturing
   • Support Small Business and Entrepreneurs
     • Ex: Modernize and simplify small business tax provisions to reduce compliance burdens and help startups and small businesses scale and compete
   • Promote Long-Term, Broad-Based Growth
     • Ex: Ensure international tax rules encourage U.S. investment and onshoring, keep IP in the U.S., and American companies are globally competitive
3. Fiscal Responsibility and Long-Term Economic Security:
   • Lower annual deficits
     • Ex: Reject irresponsible tax policies that primarily benefit the wealthiest individuals at the expense of working families and the deficit
   • Stabilize and then reduce debt-to-GDP ratio
     • Ex: The more the U.S. spends on interest on the debt, the less it can spend on children, Social Security, Medicare, and defense

This week, President Trump and Congressional Republicans are pushing a budget plan that gives tax breaks to the ultra-wealthy and large corporations while raising costs and cutting services for everyone else. Davids previously voted against a version of this bill because it would:

• Gut Medicaid and force rural hospitals to close;
• Increase grocery prices and put smaller grocery stores at risk of closing;
• Cut clean energy tax credits that are saving Kansans money on energy bills and supporting domestic manufacturing;
• Add $3-5 trillion to the national deficit through 2034;
• Raise taxes on hardworking families to fund tax giveaways for billionaires.

The New Democrat Coalition is a group of more than 100 forward-thinking, solutions-focused House Democrats committed to growing the economy, strengthening communities, and protecting our democracy. Representing more than half the Democratic Caucus, they work across the aisle to deliver real results on issues like health care, housing, and national security.