Luján Announces Legislation to Lower Taxes for Hardworking New Mexicans

Senate Democrats Introduce Tax Breaks for Working Families While GOP Pushes Tax Scam for Nation’s Wealthiest

Washington, D.C. — U.S. Senator Ben Ray Luján (D-N.M), a member of the Senate Committee on Finance, cosponsored the Tax Cut for Workers Act, legislation to give thousands of New Mexicans a much-needed tax break. The bill would make permanent the American Rescue Plan Act’s expansions of the Earned Income Tax Credit (EITC), continuing one of the largest-ever tax breaks for the middle class.

The American Rescue Plan Act, which Senator Luján championed into law, made several critical expansions of the EITC, including nearly tripling the maximum EITC benefit for workers without children from roughly $540 to roughly $1,500 and raising the income limit from about $16,000 to $21,000 for single filers and from about $22,000 to $27,000 for married filers. It also made individuals aged 19 to 24 and 65 and older newly eligible for the credit. While the American Rescue Plan’s EITC provisions expired the end of 2021, they had a significant impact, increasing disposable income among America’s working families.

“As President Trump’s reckless economic agenda continues to increase costs, we must find ways to make life more affordable for hardworking New Mexicans,” said Senator Luján. “That is why I am cosponsoring the Tax Cut for Workers Act to bring a tax break for New Mexicans that need it most. I am committed to lowering costs and will fight so that hardworking New Mexicans – who contribute to our economy – are the beneficiaries of any tax break, not the nation’s wealthiest.”

The Tax Cut for Workers Act will cut taxes for 111,000 New Mexicans by expanding the Earned Income Tax Credit to workers without children. The bill also extends eligibility for the tax cut to workers under the age of 25 and over the age of 64.

In addition to Senator Luján, the legislation is co-sponsored by U.S. Senators Catherine Cortez Masto (D-Nev.) Michael Bennet (D-Colo.), Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Martin Heinrich (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Patty Murray (D-Wash.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

The full text of the bill is here.

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