CfG President McIntosh Statement on House Ways and Means Tax Mark

Will Mitola  |   May 12, 2025

Washington, D.C. – Club for Growth President David McIntosh issued the following statement in support of the release of the House Ways and Means Committee’s tax reform mark:

“This bill is a critical step toward fulfilling the promises conservatives made to voters in the last election. There is no time to waste in advancing these pro-growth reforms through the Ways and Means Committee and bringing them to the House floor as part of President Trump’s ‘One Big, Beautiful Bill.’ Club for Growth strongly supports passing this mark out of committee.” – David McIntosh, President, Club for Growth

The Ways and Means mark is designed to prevent a $4.5 trillion tax hike and build on the pro-growth legacy of the Tax Cuts and Jobs Act (TCJA). Key provisions include:

  • Permanent Extension of Individual Tax Provisions of the Tax Cuts and Jobs Act (TCJA)
    • Permanent extension of the individual provisions of the TCJA with NO marginal rate increases —avoiding a $4.5 trillion tax hike on individuals and small businesses
    • Expands the qualified business income deduction from 20% to 23% for small businesses
    • No increased taxes on investments, including proposals targeting stock buybacks and carried interest
  • Critical Pro-Growth Reforms
    • Enables full expensing for structures in manufacturing, agriculture, and resource extraction—free-market reforms that will drive U.S. industrial investment.
      • This policy has been consistently championed by the Club for Growth
    • Restores full and immediate expensing for short-term capital investments and R&D
    • Expands interest deductibility for American businesses through a more generous limitation formula
    • Increases the Section 179 limit for immediate expensing of capital investments
  • Rolling Back Green New Deal Tax Credits
    • Repeals and accelerates phaseouts of numerous subsidies created under the Inflation Reduction Act
    • Ends the transferability of credits and ensures taxpayer dollars do not benefit the Chinese Communist Party
  • Estate Tax Reform
    • Permanently raises the estate tax (Death Tax) exemption to $15 million
  • Expanding School Choice
    • Creates a new federal tax credit for contributions to scholarship granting organizations (SGOs), empowering families to choose the best educational options

Club for Growth applauds the committee’s work and urges swift passage.