Randi Weingarten: the fastest fix for the affordability crisis is a working-class tax cut

Randi Weingarten argues that providing working and middle-class Americans with direct tax relief is the most effective solution to America's affordability crisis. The Working Americans' Tax Cut Act, if passed in the upcoming Congress, would exempt the first $46,000 of income for individuals—$92,000 for married couples—entirely from federal income taxes.

This would significantly benefit low and moderate-income earners, with new graduates paying no federal income tax and nurses or teachers receiving tax cuts of around $2,800. A family of four earning $95,000 would receive a $6,000 tax cut. The bill, which costs nothing due to a surcharge on high-income earners, would provide $1.46 trillion over ten years.

This tax relief would be widely distributed, benefiting 130 million Americans, including 25 million children. The only obstacle to this tax relief is the refusal of Congressional Republicans to even consider the bill.