Posts tagged Buddy Carter
Labor unions call for repeal of Trump tax cuts
May 28, 2024 // The Trump tax law, known as the Tax Cuts and Jobs Act (TCJA), “made massive and permanent cuts to corporate taxes and temporary cuts to individual and estate taxes that have largely benefitted the wealthy and eroded tax revenues,” they wrote to congressional leadership and the heads of the top tax-writing committees. Individual provisions in the Trump tax cuts are set to expire next year, and the 2024 election will determine whether they are renewed, modified or ditched altogether. The Congressional Budget Office estimates that extending the individual cuts will cost $3.3 trillion through 2035.