Arnold Ventures Urges the Senate to Pass the Tax Relief for Working Families and Workers Act

WASHINGTON D.C. (Jul. 31, 2024) – George Callas, executive vice president for public finance at Arnold Ventures, issued this statement as the U.S. Senate considers the Tax Relief for Working Families and Workers Act for vote: 

“The Tax Relief for American Families and Workers Act of 2024 would benefit hardworking American families without undermining work incentives or anti-fraud safeguards. Better yet, it would fund those changes by stopping fraudulent and wasteful abuse through Employee Retention Credit claims. 

“We applaud the efforts of House Ways and Means Chairman Jason Smith (R‑MO) and Senate Finance Chairman Ron Wyden (D‑OR) to find compromise in an otherwise partisan Congress. 

“Because it achieves meaningful, fiscally responsible tax reform, this bill received broad bipartisan support in the House, passing with a vote of 357 – 70 in January. We urge the Senate to follow the House’s lead by passing this legislation and sending it to the President’s desk.

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Arnold Ventures is a philanthropy that supports research to understand the root causes of America’s most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and Arnold Ventures’ focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. As signatories of the Giving Pledge, the Arnolds have committed to giving away most of their wealth during their lives.

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