| Dear John,
Here at Concerned Veterans for America, we’ve always honored “for America” in our organization’s name by advocating for policies that will benefit all Americans, including veterans and military families. With the 119th Congress now in session and Donald Trump soon to be inaugurated, we fervently wish and strongly encourage Washington to extend President Trump’s 2017 tax cuts for all Americans.
America’s veterans have served, risked and made incredible sacrifices for America’s safety and for our nation’s prosperity. As veterans, many of us are in middle-class communities, some of us even own businesses, and we all see the impact of economic policy on our neighbors' pocketbooks.
A strong American economy requires a pro-growth tax policy. In the first two years after Donald Trump’s Tax Cuts and Jobs Act (TCJA) passed into law, both investment and employee compensation rose significantly. So have tax revenues on average since the TCJA’s passage, despite cuts in tax rates, according to the non-partisan Tax Foundation.
Today, swift action is required. Without new legislation, these tax cuts will expire at the end of 2025. If allowed to expire, the result will be higher tax rates for all Americans and burden for middle class families already suffering from inflation. Higher taxes on businesses, large and small, will be passed on to consumers in the form of higher prices (more inflation). Slowing growth has historically been associated with wage stagnation and less employment.
A strong U.S. economy requires a pro-growth tax policy. Without a strong economy, our nation cannot sustain a strong military to ensure safety and prosperity. The first step in ensuring that prosperity at home is through the Tax Cuts and Jobs Act.
Click here and tell your federal legislators that job one for Congress is to pass a tax cut extension, to avert an economic catastrophe for the middle class, and protect America’s prosperity going forward.
John Byrnes CVA, Strategic Director |
