WASHINGTON – Today, U.S. Sen. Ron Johnson (R-Wis.) joined U.S. Senator Steve Daines (R-Mont.), Majority Leader John Thune (R-S.D.), Majority Whip John Barrasso (R-Wyo.), Finance Chairman Mike Crapo (R-Idaho) and Senators James Lankford (R-Okla.), Roger Marshall (R-Kan.), Marsha Blackburn (R-Tenn.), and Thom Tillis (R-N.C.), members of the Senate Finance Committee, in sending a letter to President Donald Trump vowing to oppose any tax package that only provides temporary relief.
“You were elected with a mandate to do big things. One of those big things is to provide lasting tax relief for small businesses and families across the country. As members of the Senate Finance Committee, we write to express our support for your position that the expiring provisions of the Tax Cuts and Jobs Act must be permanent and not sunset. After passage of your tax cuts in 2017, we had a booming economy with soaring investment, higher wages, increased productivity, and zero corporate inversions. Without action, at the end of this year, taxes will increase for Americans in every income group and nearly six million jobs are at risk. A temporary extension of these pro-growth and pro-family policies is a missed opportunity. Businesses need certainty while investing in their companies and taxpayers should not fear tax hikes due to Congressional inaction. Congressional Republicans have an historic opportunity to enact this lasting tax relief. Failure to act boldly does a disservice to the American people who entrusted us to deliver in November. Thus, we will not support a tax package that only provides temporary relief from tax hikes,” the senators wrote.
