(Washington, D.C.) – Yesterday the United States Senate approved a budget resolution for 2018 that would reduce federal spending by $5.1 trillion over the next 10 years, while allowing for $1.5 trillion in tax reduction over the same time period. Leaders in the House and Senate are currently working to ensure that both chambers pass the same budget resolution, allowing a debate to begin about tax reform and reduction.
Daniel Garza, President of The LIBRE Initiative, released the following statement:
“Hispanic families and entrepreneurs are working hard for a better future, but too many are dealing with a slow economy or unfair tax burden. It’s encouraging that leaders in Congress are working together to lay out a fiscal path that reins in federal spending while reforming our tax code and reducing the tax burden. It is our hope that the House and Senate will soon come to agreement on a consensus plan, which can set the stage for a long overdue debate on taxes. Latinos, like all Americans, have much to gain if policymakers work together on a plan that unrigs the economy and allows them to build their American Dream.”