Sen. Ted Cruz (R-Texas) on Monday rolled out legislation to make permanent the new tax law’s cuts to the individual tax rates, and is furthering his campaign for Sen. Bernie Sanders (I-Vt.) to back the measure.
“I invite Senator Sanders and all of my Democratic colleagues to join me today and make tax rate cuts for hardworking middle class families permanent,” Cruz said in a news release.
The new tax law cuts tax rates across-the-board for individuals, but those cuts expire after 2025, while the cut to the corporate tax rate is permanent. The individual cuts were temporary in order to comply with budget rules that allowed Republicans to pass the measure in the Senate on a party-line vote.
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