Making the Tax Code Work for Working Americans
Peter strongly supports reforming the tax code to make it work for hard working Americans rather than the top one percent of Americans.
- Expand the Earned Income Tax Credit
- Expand the Child Care Tax Credit
- Impose a fee on Wall Street transactions to discourage casino-style speculative trading that led to the near collapse of our economy in 2008
- Set aside revenue from Wall Street transaction fee for rebuilding roads and bridges, and building out high speed internet to rural areas
- Close tax loophole for hedge fund managers
- End corporate tax inversions
- End outsourcing of American jobs
- End tax deductions for corporate golden parachutes and executive compensation
More on Making the Tax Code Work for Working Americans
Representative Peter Welch (D-Vt) issued the following statement in response to today’s landmark Supreme Court decision in South Dakota v.
(WEDNESDAY, February 14, 2018) — Sen. Patrick Leahy (D), Sen. Bernie Sanders (I) and Rep. Peter Welch (D) Wednesday announced that Vermont Rural Ventures will receive $60 million in federal tax credits to spur economic development projects throughout the state.
WASHINGTON – Today on the floor of the House of Representatives, Rep. Peter Welch (D-VT) railed against the GOP tax bill as it was debated by Members of Congress. Welch voted against the bill which passed the House this afternoon by a vote of 227-203.
Washington, DC – This afternoon, Rep. Peter Welch (D-VT) spoke against the Trump-Ryan tax proposal being debated by the House of Representatives. A final vote on the bill is expected tomorrow by early afternoon.
“If you asked 435 members of Congress if they want to raise taxes on students, the answer from 435 members would be ‘no.’ This bill was written by and for the donor class. Let’s defeat this bill and stand up for the middle class.”
A full transcript of Rep. Welch’s remarks can be found here.
WASHINGTON—U.S. Senator Dick Durbin (D-IL) and U.S. Representative Peter Welch (D-VT) released the following statement regarding the Financial CHOICE Act, legislation by U.S. Representative Jeb Hensarling (R-TX) that would gut the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill was just narrowly passed by Hensarling’s House Financial Services Committee, over bipartisan opposition.
President Obama's budget request set for release Monday includes plans for a six-year, $478 billion public works program that would be paid for with a one-time 14 percent tax on overseas corporate profits.
Student loan debt now outstrips credit card debt in the United States and some are concerned that if college costs cannot be contained, the nation’s future economic growth could be compromised. In today’s installment of our special series on student loans, WAMC’s North Country Bureau Chief Pat Bradley looks at how legislative efforts might impact the cost of college.
At least Democrats will have eggnog to wash down the poison pills they swallowed on Thursday as the House narrowly passed a government funding bill that will let Congress go home early for Christmas, and give Wall Street a fresh gift.