National Taxpayers Union Executive Vice President Brandon Arnold on Thursday released the following statement addressing persistent suggestions from Congress and the White House to raise taxes on high-earning individuals and businesses as part of the “One Big Beautiful Bill”:
“National Taxpayers Union is extremely pleased to see tax legislation moving in the House of Representatives next week. The reconciliation process represents a historic opportunity to not only prevent a massive tax hike, but also to promote economic growth, protect the rights of taxpayers, and restore fiscal responsibility.
With these goals in mind—particularly the importance of stimulating economic growth at a time of increasing uncertainty—we strongly urge lawmakers to avoid raising taxes on workers, families, and businesses. A higher tax rate on top earners and small businesses would undermine growth and job creation for all Americans.
While tackling our nation’s debt crisis is a critical goal, it should be achieved primarily through spending reductions and pro-growth policies, not tax hikes. Spending has spiraled out of control since the pandemic and must be contained if we are ever going to approach a balanced budget once again.”