The richest 1% of Americans own a whopping 40% of total household wealth. 83% of the 2017 tax cuts are going to the top 1%, making our growing wealth divide even worse. Economies depend on consumer spending, and that spending comes mostly from the bottom 90%.
The Working Families Tax Relief Act would help the uneven path we’re on by expanding the earned income tax credit and child tax credit. 44 million families would benefit and lift 11 million children above the poverty line. We need the Working Families Tax Relief Act in any upcoming tax legislation.