June 25, 2025

Today, the led by , in coordination with the NDC’s broader led by , unveiled its to advance common sense reforms to the tax code that ensure better outcomes for America’s working families, small businesses, and long-term economic strength.

and issued the following statement upon the release of the Framework:

“Across the country, the American people are standing up and speaking out against Congressional Republicans’ efforts to rip health care and food from tens of millions of hardworking Americans in order to pay for a tax break for the richest billionaires in the world. New Dems know Congress can and must do better than this tax scam bill. That’s why we’re offering an alternative vision for our future, one that embraces fairness and opportunity to lower costs and grow our economy.

“With this Framework in hand, New Dems are ready and willing to chart a pragmatic, fiscally responsible path forward on tax reform in America, one that places everyday Americans – working people, families, and small businesses – at the center of every policy decision. Let’s get this done.”

The Framework lays out a policy roadmap capable of amassing support on both sides of the aisle, including more than 20 pragmatic solutions that fall into one of three principles: lowering costs for middle class families and hardworking Americans; expanding economic opportunity and growing American jobs and businesses; and promoting fiscal responsibility and long-term economic security. 

The Framework also lays out next steps for implementation, including a strategic effort to advance reforms in the 119th Congress and coalition-building efforts to act decisively once House Democrats regain a governing majority.

The New Democrat Coalition supports growth-oriented, fiscally responsible tax reform that will improve the lives of all hard-working Americans and their families. Smart tax policies will not just help individuals and families make ends meet, they will empower them to get ahead. New Dem tax policy ideas – rooted in fairness, inclusion, and economic opportunity – follow our Vision for the Path Forward for the Democratic party. We believe common-sense tax reform can drive economic growth, create good, well-paying jobs, expand American innovation, and help address national priorities such as lowering child care costs, making quality health care more affordable, and tackling our national housing shortage. 

Unfortunately, the Republicans have different goals in mind. Their fiscally irresponsible and morally bankrupt tax plan represents the largest rollback on health care and anti-hunger programs in American history and will add $3-5 trillion to our national debt to pay for tax cuts for billionaires. 

New Dems offer an alternative path. Our New Dem Tax Framework is based on three fundamental principles focused on working families, small businesses, and long-term economic strength. It advances a clear vision: tax policy should not just raise revenue to fund our national priorities, it can shape a growing and fairer economy for all. 

New Dem Principles for Tax Reform

Goals

Policies

Higher deficits directly impact the cost of living for American workers and families. Higher debt contributes to increased near-term inflation and can result in higher interest rates in the long term, making it more expensive to buy a home or a car or to start a business. 

High deficits and debt also threaten the ability of the federal government to invest in our priorities in the future – the more the U.S. spends on interest on the debt, the less it can spend on children, on SNAP, on Medicaid, on Medicare, and on defense.

Tax reform should prioritize policy that promotes investment, increases revenues, and ensures long term economic growth by reducing deficits.

Next Steps

Building on this framework, New Dems will translate these policy ideas into legislation that reflects our commitment to economic growth, fairness, and fiscal responsibility. We will develop a strategic plan to advance key elements of this legislation in the 119th Congress, leveraging opportunities for bipartisan consensus while laying the groundwork for broader reform. At the same time, we know that comprehensive tax reform will require a governing majority. New Dems are focused on winning back the majority in 2026 so we are in a stronger position to pass comprehensive, pro-growth tax reform that delivers for working families and strengthens America’s long-term competitiveness.