Dems express interest in working with GOP on bipartisan tax reform

Dems express interest in working with GOP on bipartisan tax reform

Senate Democrats are urging Republicans to work with them on bipartisan tax reform.

In a letter addressed to President Trump, Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOn The Money — Democrats rush to finish off infrastructure Biden employs flurry of meetings to unite warring factions GOP senators say Biden COVID-19 strategy has 'exacerbated vaccine hesitancy' MORE (R-Ky.) and Sen. Orrin HatchOrrin Grant HatchLobbying world Congress, stop holding 'Dreamers' hostage Drug prices are declining amid inflation fears MORE (R-Utah), Senate Democrats expressed "interest in working with you on bipartisan tax reform."

"We are confident that, by working together, we could modernize our tax system to increase working families’ wages, improve middle-class job growth, promote domestic investment, modernize our outdated business and international tax systems and put in place sound fiscal policy that raises the revenue needed to meet the needs of our country," they wrote.


Their letter focused on three "key principles" the Democrats said were "prerequisites to any bipartisan tax reform effort."

The Democrats wrote that tax reform should not increase the tax burden on the middle class or benefit the wealthiest.

It is also important, they wrote, that tax reform legislation "go through regular order and not reconciliation."

Democrats also want tax reform to provide a "revenue base that meets the needs of our country." 

"We look forward to working together to write tax reform legislation that provides real relief for America’s working families."

The letter was signed by Senate Minority Leader Charles SchumerChuck SchumerBiden touts 'progress' during 'candid' meetings on .5T plan Progressives push for fossil subsidy repeal in spending bill Louisiana delegation split over debt hike bill with disaster aid MORE (D-N.Y.), 43 of his Democratic colleagues and Sen. Bernie SandersBernie SandersBiden touts 'progress' during 'candid' meetings on .5T plan Manchin: Biden told moderates to pitch price tag for reconciliation bill Biden employs flurry of meetings to unite warring factions MORE (I-Vt.).

Republicans will be vigorously selling tax reform over the August recess, following the release of shared tax reform principles and the Senate's failure to pass even a scaled-down ObamaCare repeal bill.

GOP leaders and the White House are hoping to get voters excited about tax reform legislation.