Photo: Iowa State Representative Ross Wilburn and U.S. Senator Catherine Cortez Masto speaking with attendees at the Clark County Democratic Party's 2020 Kick Off to Caucus Gala at the Tropicana Las Vegas in Las Vegas, Nevada, taken by Gage Skidmore, Wikimedia Commons
by Senator Catherine Cortez Masto
This month, President Trump’s economic chaos reached a new peak. After weeks of threatening, he announced sweeping tariffs on our closest allies. Let me be clear: I agree we should be bringing manufacturing back to the U.S., but these broad tariffs are a tax on middle- and working-class Americans and they will undoubtedly raise prices at the grocery store and at the gas pump. According to the Yale Budget Lab, these tariffs will cost American families $3,800 per household.
These tariffs will also have a chilling effect on tourism. If Donald Trump continues his attacks on our allies, we know Nevada will see a decline in visitors, a huge economic hit to the Silver State.
The Biden administration worked to give Tribal communities a seat at the table on discussions about trade policy, including tariffs. I have pushed Jamison Greer, President Trump’s U.S. Trade Representative, to maintain those Biden-era policies and continue to involve Tribal leaders in these conversations.
I’m also fighting back with legislation. I recently introduced the Tax Cut for Workers Act to give millions of working Americans a tax break as the cost of living rises. My bill would expand the Earned Income Tax Credit to further lower taxes for working-class Americans. I introduced this bill along with Senator Michael Bennet’s (D-Colo.) American Families Act, which permanently expands the Child Tax Credit. And I’m going to keep working to move these bills.
I am committed to lowering costs for hardworking American families, despite the Trump chaos. All Nevada families deserve financial security and stability.
.jpg){kind=link}