Rep. Jared Polis (D-Colo.) reportedly plans to introduce a bill next week that would undo tax cuts passed late last year.
Business Insider reported that the bill, titled the Students Over Special Interests Act, would repeal the GOP tax law and redirect the additional taxpayer money toward erasing student loan debt and improving college affordability.
"The Republican tax plan was all about special interests cashing in at the expense of everyone else. My plan shows what a difference we can make for middle-class Americans for even less cost," Polis said in a statement obtained by Business Insider.
Polis is running for Colorado governor, and will leave Congress at the conclusion of this session.
His bill is unlikely to receive any serious consideration, as Republicans control both chambers of Congress.
Democrats have been transparent about their desire to undo the Republican tax cuts and redirect the funds elsewhere.
On Tuesday, Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) announced a proposal that would eliminate a tax cut for the top 1 percent of earners, and use the new funds to invest in raises for teachers.
Republicans passed last year’s tax cut legislation without a single Democratic vote. Democrats argued the bill disproportionately helped wealthy individuals and corporations.
Republicans, meanwhile, have seized on Democrats’ pledge to reverse the tax cuts ahead of this year’s midterms, warning voters that they could lose their tax cut if Democrats retake control of Congress.