Unleash Prosperity co-founder Tax Cut Victory Alliance co-chair Steve Forbes explains:
While Republicans in Congress are busy posturing about budget numbers and reconciliation procedures, they're missing the fundamental point: without swift action on tax cuts, we're heading toward a massive tax increase that will hit every American...
If Congress fails to act by year's end, the standard deduction for couples will plummet from $30,000 to around $15,000-17,000. This isn't just a technical adjustment--it's a direct hit to American families' wallets. Only in Washington would they create tax legislation with expiration dates like a gallon of milk...
The current House debate over reconciliation bills--whether to do one or two--misses the point entirely. While they argue over ten-year scoring numbers and budget parameters, they're wasting precious time that could be used to boost economic growth. The focus should be on lowering marginal tax rates--the rates you pay on your next dollar earned--which directly impacts economic incentives...
