Washington, D.C. — Independent Women’s Voice (IWV) applauds the bipartisan, bicameral tax framework from Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason Smith (R-Mo.) that expands the child tax credit and extends several business tax policies that have expired or are currently being phased out. 

Patrice Onwuka, senior policy analyst at Independent Women’s Voice, released the following statement:

“IWV applauds this bipartisan tax deal, which promotes pro-growth tax policies to help American businesses thrive and remain competitive while also ensuring that families in need can continue to enjoy financial relief. 

“Inflation is still creating hardship for many households to afford basic necessities and services from food to child care. The Child Tax Credit (CTC) offers a bit of cushion in the budgets of those with children without materially undermining work incentives.

“The bill’s tax provisions encourage businesses to innovate and invest in growing, which will lead to more economic stimulus and jobs growth. It also frees more individuals and small businesses from onerous reporting rules— allowing them to focus on making a living. And it ends the employee retention tax credit program that is rife with waste, fraud, and abuse to offset the costs of business provisions and the CTC in a show of accountability, fiscal responsibility, and good stewardship of taxpayer dollars. When Congress comes together on common-sense policy solutions like these, our nation grows stronger.” 

Independent Women’s Voice fights for women by expanding support for policy solutions that aren’t just well intended, but actually enhance freedom, opportunities, and well-being.