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Lawmakers and Experts Clash Over Who Benefits from "Working Families" Tax Cuts
Summary
A House Small Business Committee hearing on April 15, 2026, featured competing narratives: supporters said permanent expensing and other provisions give small firms predictability to invest; critics said the pass-through deduction predominantly benefits wealthier owners and that tariffs and cuts to health and nutrition offset gains for Main Street.
Chairman Williams opened the House Small Business Committee hearing on April 15 by saying the Working Families Tax Cuts Act gives small businesses "certainty and predictability," citing permanent 100% expensing and relief such as no tax on tips and overtime that, he said, let firms invest and workers keep more pay. "This hearing is an important opportunity for the committee to deepen its understanding of how tax policy directly shapes the success and stability of small business," he said.
Ranking Member Nydia Velázquez offered a starkly different view, calling the law "a total disaster" and asserting that the pass-through (Section 199A) deduction largely flows to wealthy filers. "Costing nearly $736 billion over the next 10 years ... the top 1% captures 55 cents of every dollar under this provision," she said, and…
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