US EditionTaxpayer group warns of higher taxes, state costs if Trump tax cuts not extended
- Congress has until the end of 2025 to decide whether to extend the 2017 Tax Cuts and Jobs Act before it expires and affects taxpayers and states nationwide.
- The Act's expiration would reverse lower tax rates, reduce the standard deduction for over 90% of taxpayers, cut the child tax credit, and restore higher tax brackets and lower estate tax thresholds.
- The National Taxpayers Union Foundation and other reports warn that expiring reforms would cause tax increases for 62% to 80% of Americans, shrink state tax bases, and trigger economic losses including job reductions.
- Joseph Bishop-Henchman noted that the most immediate consequence would be increased tax payments for households, along with automatic shifts in the tax structure, the removal of business incentives that promote economic growth, and significant challenges related to compliance.
- Failure to extend the tax cuts could result in average tax hikes near $3,000 per filer, state revenue declines, and a $4 trillion loss in federal revenue, leading policymakers to face significant fiscal challenges.
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Federal Way Mirror
Higher total taxes are making Washington unaffordable
Too often, elected officials overlook the cumulative costs of regulations, taxes, and fees on taxpayers. However, those added costs come back to bite them hard when people pack up and move, businesses close, or take matters into their own hands and pass an initiative or referendum.
MAGA Fan Gets Epic Wakeup Call After Trying To Blame Trump Tax Code On Democrats
TikToker Dean Withers schooled a MAGA voter who tried to blame a tax code implemented by President Donald Trump during his first term on Democrats.Withers, who is well known for debating Trump supporters on camera, spoke with a woman who claimed that during "the last four years we've been held hostage under Democratic rule." The woman said "we've had more taxes" and "we pay more for everything" under Democrats.Withers saw an opportunity and aske…
How the Tax Cuts and Jobs Act is Helping Oklahoma - Americans for Tax Reform
Below is a list of good news arising from the Tax Cuts and Jobs Act enacted by President Trump and congressional Republicans in 2017, and which now must be made permanent across the board. The average annual TCJA tax cut for Oklahoma households is $1,356. ACCORDING TO OFFICIAL IRS DATA, THE TRUMP TAX CUTS PROVIDED THE FOLLOWING: 18% tax cut for Oklahoma households making between $25k – $50k. 18% tax cut for Oklahoma households making between $5…
What the House GOP is proposing in its first draft of Trump’s sweeping tax and spending cuts package
House Republicans are starting to put some meat on the bones of their sweeping tax and spending cuts package, otherwise known as President Donald Trump’s “big, beautiful bill.”
ICYMI: AFP Rallies Across Maine to Urge Extension of Trump's Tax Cuts, Oppose Tax Hikes - Americans for Prosperity
Augusta, ME—This week, Americans for Prosperity (AFP) rallied across Maine, urging lawmakers to oppose any efforts to raise taxes on Mainers. On Monday, AFP activists protested at U.S. Rep. Jared Golden’s Lewiston district office, calling on the congressman to support extending Trump’s 2017 Tax Cuts that are set to expire at the end of the year. On Wednesday, activists gathered at the State House in Augusta to highlight the benefits of extending…
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