HOUSTON — In an interview last week, Allred stated, “I spoke out in 2017, when I was running for Congress, opposing the Trump tax cuts that were passed then because I thought they were irresponsible.”
If elected, Allred would almost certainly vote against the 2017 Trump Era Tax Cuts that are set to expire, which would result in detrimental consequences for Texans:
- Starting in 2026, the average family of four making $75,000 will see their taxes increase by $1,500 if Congress does not take action.
- Main Street businesses will face a 43.4 percent tax rate.
- Working parents will suffer from a Child Tax Credit slashed in half.
- More family-owned small businesses, farms, and ranches will be hit by the death tax and forced to sell land and other assets to pay a big tax bill.
“Colin Allred is confused or just downright ignorant because there’s no way he can promise to fight for middle class Texans and oppose extending legislation that would save them thousands of dollars. This is just another point to add to Allred’s troubling economic record and another reason why Texans can’t afford a Senator Allred.” —Cruz Campaign spokesperson