Akash Chougule on Americans for Prosperity’s Push for Tax Cuts
Americans for Prosperity’s Akash Chougule talked about his… Read More
The Trump tax cuts of 2017 led to an economic boom that featured job growth, wage growth, and low inflation. Unless Congress acts by the end of the year, those tax cuts will expire, and Americans will see their taxes go up. How much? $1,500 a year for the average family of four. That’s unacceptable!
Americans continue struggling with the effects of Bidenomics: higher prices costing us $12,000 more a year on average, sky high interest rates, and stagnant wages. The last thing we need is a bigger tax bill!
Doing nothing isn’t an option. The clock is ticking. Tell Congress to act now!
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At the end of 2025, vital tax relief from President Trump’s Tax Cuts and Jobs Act will expire—find out why acting now is crucial to protect your wallet.
Skyrocketing inflation fueled by reckless government spending has put a huge strain on family budgets. During the Biden years, prices increased more than 20%, forcing middle-class families to spend $1,000 more a month just to tread water. If we let the tax cuts expire, middle class Americans would pay an additional $1,500 a year in taxes, leaving them even less money to pay Washington’s higher prices. By keeping the 2017 tax cuts, we can better help hard-working Americans make ends meet.
The way some in Washington talk, you’d think they had more of a claim to our hard-earned money than we do. Baloney. It’s our money. We earned it. And we need it. Letting the Trump tax cuts expire would cost Americans $4 trillion more in taxes over ten years – $1,500 more a year for the average family of four. Higher individual taxes would mean less money in our paychecks. Higher business taxes would mean higher prices at the store. It would be irresponsible to let these tax cuts expire when Americans are struggling.
Mom-and-Pop businesses are the backbone of the American economy and are already dealing with higher input costs and labor issues. They don’t need the added burden of higher taxes. These businesses are usually organized in a way that the owners report their business income on their personal tax returns and pay taxes based on individual tax brackets. Letting the Trump tax cuts expire would raise individual tax rates, increasing taxes on small business owners and leaving them less to reinvest in their businesses or hire more workers.
Washington’s reckless overspending not only drove up government debt to dangerous levels but also led to our runaway inflation.
If Congress lets the Trump tax cuts expire, it would amount to a $4 trillion bailout for the progressive politicians who created this mess.
Americans have had to tighten their belts for years; now it should be the government’s turn.
Big-spending politicians claim the Trump tax cuts starved the government of revenue and drove up deficits. Not so. The Congressional Budget Office reports federal revenues were 17.2% of the overall economy or gross domestic product (GDP) in 2024, right at the 30-year historical average of 17.3%. Spending is another story. It was 24.2% of GDP in 2024, far more than the 30-year historical average of 21.0%. CBO says in 10 years it will be nearly 25%. The numbers don’t lie – government has a spending problem. So, before the politicians even think about taking another dime in higher taxes, they need to get spending under control.
In the last fiscal year, the government made $236 billion in so-called “improper payments,” the result of carelessness, incompetence, and fraud. Why should we send even more money to Washington when the government wastes so much of what we send now? Letting our tax cuts expire would feed trillions into a rigged system that seems only to benefit the politicians and their political supporters – not American families.
Americans for Prosperity’s Akash Chougule talked about his… Read More
The looming expiration of key aspects of the Tax Cuts and Jobs Act puts… Read More
Lawmakers, small businesses, and manufacturers urge extension of 2017 tax cuts… Read More