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Nevada Democrat Steven Horsford is spearheading a new tax plan that lowers household costs, creates jobs, and makes our tax code more fair – in stark contrast to House Republicans who just passed the largest cuts to Medicaid and food assistance in history to pay for tax cuts for billionaires.
Alongside others in the New Democrat Coalition, Horsford today released a tax plan that provides an alternative to the GOP Tax Scam. The proposal, which Horsford oversaw as chair of the group’s tax taskforce, focuses on supporting working families and small businesses while fostering long-term economic growth.
Today’s effort builds on Horsford’s proven track record of creating and protecting good-paying jobs, lowering costs for Nevadans, and tackling Nevada’s housing shortage. Just last week, the U.S. Senate unanimously passed Horsford’s bipartisan proposal to cut red tape and spur economic growth in North Las Vegas. The bill previously passed the House and is on its way to the President’s desk for signature.
DCCC Spokesperson Lindsay Reilly:
“Steven Horsford is leading the charge to lower costs for Nevada families. Horsford’s latest proposal is yet another example of how he’s working tooth and nail to grow North Las Vegas’ economy, create jobs, and lower household bills for Nevadans.”
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Semafor: Moderate Democrats Offer Counter Tax Plan
- The goal of the plan from the New Democrat Coalition is to “promote economic growth without exacerbating the long-term fiscal situation or cutting essential programs like Medicaid and SNAP.”
- It includes some of the policies Republicans want to enact as part of their megabill — like expanding the Low-Income Housing Tax Credit and expanding the Child Tax Credit — but takes them a step further, including by making the CTC refundable.
- At the same time, it would preserve the same Biden-era clean energy tax credits that the GOP’s legislation seeks to erase.
- Republicans “decided to do it in a way that only favors the very wealthy at the expense of everyone else,” said Rep. Steven Horsford, D-Nev., who oversaw the drafting of the proposal as chair of the group’s tax taskforce and has penned his own no-tax-on-tips legislation. “Now the question is, ‘Will Republicans continue to walk the plank, or join with Democrats?‘”
- Horsford added that he expects Democrats in purple districts to campaign on the proposal in the 2026 midterms.
- “You can’t just be against Donald Trump or Republicans. You have to also articulate what you’re for. And this is the difference and why this framework from the New Dems really matters,” Horsford said.
- He argued that Democrats must outline specific changes, like the tax plan, that address Americans’ deep-seated dissatisfaction with their financial straits, rather than simply focusing their economic messaging on restoring the status quo by reversing the GOP measure’s cuts to Medicaid (or challenging the president’s tariffs).
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