Washington, DC – The Care Can’t Wait coalition, led by the National Women's Law Center, MomsRising, and Caring Across Generations, brought together more than 60 organizations today to call on Congressional leadership to support long overdue investments in caregiving by allowing tax cuts for billionaires and giant corporations to expire in 2025.  

The letter was sent to Congress ahead of today's 2 PM Senate Banking subcommittee hearing, at which Care Can't Wait's Ai-jen Poo will testify about how making the tax code fairer and more progressive will raise revenues that help fund caregiving priorities, as well as make the economy work better for all of us. Watch it here.  

The Tax Cuts and Jobs Act (TCJA) that Republicans passed in 2017 overwhelmingly benefited the wealthy and mega corporations. Many of the tax giveaways for the wealthiest were temporary. In 2025, Congress has the chance to end these temporary tax cuts for the top 1% and make the wealthiest and big corporations pay their fair share, which will raise the revenue needed to invest in women, families, and communities. A national survey from NWLC and MomsRising found that two-thirds of voters on both sides of the aisle support getting rid of the 2017 tax cuts for the wealthiest 1 percent.   

“The tax code’s primary purpose is to generate shared resources to support our shared priorities, including care and caregiving supports, which will advance equity, improve family well-being, support workers and employers, and foster economic growth,” the signers wrote. “For decades, however, our nation has failed to enact tax policies to support public investments in care, resulting in too many families, older adults, and disabled people struggling to access and afford care that meets their needs.” 

Specifically, the letter calls on Congress to: 

• Allow the temporary provisions of the TCJA for the wealthiest to expire. 
• Enact additional tax policies that make our tax code fairer and more progressive, such as:  
  • Rolling back the TCJA’s permanent cut to the corporate tax rate
  • Taxing income from wealth like income from work 
  • Closing loopholes and reducing exemptions to the estate tax 
  • Expanding the fully refundable Child Tax Credit
• Meet the funding needs of the IRS so that it is better equipped to ensure the wealthiest and corporations are paying the taxes that they owe
• Use the revenues raised by these tax changes to support long overdue investments in care supports 
• To learn more about the 2025 tax fight and its impact on caregiving investments, click here. 

To read the full letter, click here.