Elizabeth Warren advises Democrats to hold their ground on tax increases in the upcoming battle over Trump-era tax cuts.

As the expiration of part of the Trump-era tax cuts looms after 2025, Sen. Elizabeth Warren, D-Mass., is urging her fellow Democrats to take a firm stance on new tax policies. Speaking at the Washington Center for Equitable Growth during its event titled, “The Promise of Equitable and Pro-Growth Tax Reform,” Warren is set to emphasize the importance of championing tax reforms to rein in corporations.

“At the end of the 2025 tax reform process, large corporations must pay higher taxes. A typical billionaire must pay a higher tax rate than a typical middle-class family. Wealthy tax cheats must be sweating because the IRS has enough money to enforce the law,” Warren will stress. She will also make it clear that compromising too much on their goals is not an option for the Democratic party.

“A little money for poor children or a modest tax cut for middle-class families is still a lousy deal when we can’t fund childcare or infrastructure because the wealthiest among us are still sucking up billions in tax breaks,” Warren is expected to explain during her address.

Warren’s call for a tough tax stance for Democrats also includes a warning against renewing the Trump tax cuts after 2025. She believes it is better to let all the tax cuts expire than to support another round of tax benefits for America’s billionaires.

The senator from Massachusetts is also planning to critique the tax framework being worked on by Sen. Ron Wyden, D-Ore., chair of the Senate Finance Committee. Wyden has been in talks with House Ways and Means Committee Chair Jason Smith, R-Mo., regarding a potential bipartisan tax deal. Warren is expected to accuse Republicans of thwarting the deal in hopes of gaining more benefits in the future, with doubts about Democrats’ resolve to oppose them.

President Biden has made it clear that he intends to let the Trump tax cuts expire when 2025 ends. In addition, Biden plans to impose higher taxes on corporations and wealthy individuals, aligning with Warren’s stance on tax policy.

Warren’s push for Democrats to stand firm on tax priorities as the Senate Finance Committee prepares for 2025 comes at a crucial time. With President Biden seeking reelection, the tax policy debate is heating up, and the decisions made now could have far-reaching effects on the nation’s fiscal future.

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