9 Articles
9 Articles
Republicans Warm to Millionaires Tax
“House Freedom Caucus Chairman Andy Harris says he is open to the creation of a new 40% tax bracket for those earning $1 million or more, lending credence to an idea Republicans are considering as a way to offset some new tax cuts,” Bloomberg reports.
‘Are They Crazy?’: Stephen Moore Lights Into GOP Reps Who Suggested ‘Millionaire Tax’ - News Talk Florida
Harold Hutchinson Economist Stephen Moore slammed Republican congressmembers Friday for suggesting increased corporate tax rates, while also telling them “failure” to renew President Donald Trump’s tax cuts would be a $4 trillion tax increase. Some congressional Republicans are considering hiking the top tax rate to as high as 40%, according to Bloomberg. Moore warned that an increase on corporate taxes would be “a total disaster” for the econom…
CfG President McIntosh: “Keeping the Top Rate is a Red-Line”
Washington, D.C. — Club for Growth President David McIntosh issued the following statement in response to numerous reports that Republicans are considering raising tax rates: “Club for Growth unequivocally opposes increasing taxes. In 2017, Club for Growth fought alongside President Trump to cut the Obama-era top individual marginal tax rate from 39.6% to 37%. Keeping the top rate at 37% is a red-line and Club for Growth will issue a key-vote a…
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