US Edition'One of the largest tax increases in U.S. history': MMAC president on tariff situation
- House GOP Chairman August Pfluger warns that if Republicans do not pass a budget reconciliation bill, Americans could face the largest tax hike in history due to the expiration of tax cuts.
- Pfluger states that 40 million families and 26 million small businesses would see a potential 22% tax increase if the tax cuts expire.
- Chair of the RSC budget task force Beth Van Duyne emphasizes that extending tax reforms would make the U.S. The most advantageous country for business investment, benefiting families and businesses alike.
- Kimberly Clausing from the Peterson Institute warns that median families could lose about $1,000 if the tax cuts expire, based on a model from the Urban-Brookings Tax Policy Center.
7 Articles
7 Articles
7 out of 10 Republican lawmakers set to benefit personally from Trump tax plan: report
To honor Tax Day, a watchdog group is highlighting research showing how 70% of congressional Republicans may see personal financial benefit from the party's tax plan, now making its way through Congress, which would likely be paid for in part by deep cuts to Medicaid and through cuts to the Supplemental Nutrition Assistance Program (SNAP).According to Accountable.US, a progressive research and advocacy group, "270,000 households in many of the l…
Top Republican warns families of ‘largest tax hike in history’ next year if Trump budget fails
EXCLUSIVE: The chairman of the largest House GOP caucus is using Tax Day to send a warning about the financial strain American families could face next year if Republicans fail in their plans for a massive conservative policy overhaul. Republican Study Committee (RSC) Chairman August Pfluger, R-Texas, told Fox News Digital that millions of Americans could see their taxes increase by as much as one-fifth if Congress does not pass a budget reconci…
Speaker Johnson: If Democrats Have Their Way, Americans Will See the Largest Tax Increase in American History - Speaker of the House Mike Johnson
For Immediate Release April 15, 2025 Contact: Taylor Haulsee WASHINGTON — Speaker Johnson released an op-ed on Tax Day warning of the disastrous consequences if Congress does not extend the tax cuts passed in 2017 under the Tax Cuts and Jobs Act. Read the op-ed here or below: This Tax Day, remember: if Democrats in Congress have their way, Americans will see the largest middle-class tax hike in history come next year. That’s because the Trump …
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