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Americans face tax hike or higher debt as deadline nears

Americans for Prosperity-South Carolina is advocating for tax reform, aiming to flatten the tax code and eliminate the state income tax in ten years as part of its South Carolina Freedom Initiative.
State lawmakers discussed improving South Carolina's tax competitiveness with the help of Americans for Prosperity-South Carolina, which plans to work with Americans for Tax Reform.
The decision looming for lawmakers is whether to extend Trump-era tax cuts, which could lead to tax hikes affecting families across the nation.
Key tax provisions from 2017, including the child tax credit and the standard deduction, are set to expire by the end of 2025, raising concerns among experts about the implications for families and the economy.

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NH Journal

Lean Right

Free Market Groups Warn: If Trump Tax Cuts Aren't Renewed, New England Will Pay

New Hampshire - Free Market Groups Warn: If Trump Tax Cuts Aren't Renewed, New England Will Pay - NH Journal

3 days ago

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Boston Herald

Lean Right

Fiscal groups call for New England delegation to put aside politics, renew Trump Tax cuts

A coalition of fiscal watchdog groups are warning that President Trump’s signature first-term tax plan must be renewed to avoid serious financial consequences for New England families. Not renewing the tax law before many of its provisions expire at the end of the year will cost taxpayers thousands of dollars each year, according to representatives from Americans for Prosperity, Americans for Tax Reform, the Josiah Bartlett Center for Public Pol…

3 days ago·Boston, United States

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The Daily Signal

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America First Report

Right

Keep the Trump Tax Cuts So American Families Can Thrive

Hide your wallets, taxes could be going up after Christmas! One of President Donald Trump’s greatest economic accomplishments of his first term, the Tax Cuts and Jobs Act, expires at the end of this year. Only 6% of Americans are aware that these tax cuts could be stripped away, and if they disappear, that’s a major problem for families and the Republican Party. With historically high inflation rates and the sharp increase in energy and food cos…

4 days ago·Washington, United States

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The Center Square

+13 Reposted by 13 other sources

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Americans face tax hike or higher debt as deadline nears

(The Center Square) – Lawmakers face a tough decision this year: hike the national debt to extend the Trump-era tax cuts or let them expire and watch Americans' taxes spike.

5 days ago·United States

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Americans for Prosperity

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ICYMI: Americans for Prosperity-South Carolina Leading the Conversation on Tax Reform - Americans for Prosperity

Charleston, SC—In case you missed it, grassroots powerhouse Americans for Prosperity-South Carolina (AFP-SC) is leading the conversation on tax reform throughout the Palmetto State. AFP-SC established early on in its South Carolina Freedom Initiative that flattening the tax code while working towards the full elimination of the state income tax is a top priority over the next ten years. Recently, AFP-SC assembled state lawmakers playing pivotal …

5 days ago

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Texas Farm Bureau

Farmers, ranchers need Tax Cuts and Jobs Act extended - Texas Farm Bureau

The Tax Cuts and Jobs Act is set to expire at the end of the year if Congress doesn’t take action, eliminating many beneficial provisions for farmers and ranchers. “If nothing is done, there will be a tax increase at the end of the year that will hit farmers and ranchers in the pocketbooks,” Dustin Sherer, director of Government Affairs for the American Farm Bureau Federation (AFBF) said. “Overall, ag will be taxed tens of billions of dollars mo…

4 days ago

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