Posts tagged Tax Cuts and Jobs Act
OPINION: Republicans Don’t Need to Embrace Union Leaders to Win Union Workers
July 1, 2024 // Republicans should appeal directly to union members with commonsense policies. Working-class Americans are among the hardest hit by Bidenomics and its painful inflation. Republicans should reach them with policies that will reduce the cost of living and increase job opportunities. The GOP should simultaneously and forcefully oppose the union-backed demands with a message of spending restraint. Additionally, the GOP should extend the 2017 tax cuts, which are set to expire at the end of 2025 — spurring a new era of job creation and wage growth.
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.