On the recordJanuary 15, 2025
the situation for working families in Vermont is really, really hard. They show up and work. They get a paycheck. And, at the end of the month, when they try to pay their bills, there is not enough there. The situation for families is enormously insecure when it comes to housing. We find Vermonters who are working at ski areas can't live within an hour of the ski lift that they are attending. We find that folks in factories who want to live in the community they grew up in can't afford a house. They are competing, oftentimes, with cash buyers, usually from out of State, and it is folks who are in the economy who have the assets and have ridden the rising stock market--and good for them. But we need a tax system that is good for working families. People want to work. They want to pay their bills. They don't want to have the constant anxiety of whether they are going to miss a mortgage payment or they are going to miss a rent payment. To have a discussion about a tax policy that essentially funnels money to folks who have done extremely well raises a fairness question, which my colleagues have talked to, but it also raises a very practical question about how do you grow an economy. You can only grow an economy if folks who are working and committed to the communities they are in can pay their bills, can earn what they need in order to pay the grocery bill and to pay rent and healthcare.…
Source
govinfo.gov




