Lowering taxes changed the game for countless Americans ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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America’s continued growth depends on keeping taxes low!
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Hello John,
When the Trump tax cuts were signed into law in 2017, they didn’t just rewrite
the tax code — they changed the game for countless American families and
businesses. By lowering income tax rates, doubling the child tax credit,
cutting the corporate tax rate, and introducing small business deductions, the
Trump tax cuts delivered real results.
Here’s how the economy responded in the few short years before the pandemic
hit:
* $4,992 increase in real wages per worker by 2019
* 2.5% higher gross domestic product than expected, driving economic growth
* 4.9% wage boost for working-class families, outpacing higher-income
households
* Record-low unemployment and poverty rates across socioeconomic groups
But here’s the catch — many of the tax law’s most important provisions were
time-limited and are set to expire at the end of 2025.If Congress doesn’t act
to extend them, the financial progress made from this landmark law could
unravel.
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If the Trump tax cuts expire, the impact will be devastating for working
Americans and small businesses alike. Key provisions that will disappear
include:
* The doubling of the child tax credit (from $2,000 back down to $1,000 per
child)
* The near doubling of the standard deduction, which simplified taxes for
most families
* The 20% deduction for small business owners, which enabled growth and
entrepreneurship
The White House Council of Economic Advisers just released a report
highlighting what’s at stake in extending the tax cuts. Their findings are
eye-opening. According to the CEA, if the Trump tax cuts are extended:
* Worker wages would be boosted by $2,100–$3,300
* The annual take-home pay for a median-income family with two children could
grow by $4,000–$5,000
* America would save 4 million full-time jobs and preserve the gains made in
Opportunity Zones, which brought billions into low-income communities
These aren’t just numbers. They represent real opportunities for families to
thrive, for small businesses to keep growing, and for distressed communities to
continue their recovery.
On the other hand, if the Trump tax cuts are allowed to expire, it would
amount to the largest tax hike in American history — $4 trillion! The typical
family of four would see a tax increase of $1,700 a year. Coming on top of Joe
Biden’s inflation, Americans cannot afford that.
This isn’t about politics. It’s about protecting the prosperity your family
and community deserve. As the CEA report states, “Extending the expiring
provisions of the [Trump tax cuts] will deliver enormous benefits for the U.S.
economy, our workers, and our families.”
Congress is deciding whether to extend these life-changing provisions, and
they need to hear from you. Tell your representatives to protect families,
jobs, and America’s economic future.
Act now.
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Together, we can make sure this historic economic growth doesn’t stop.
Sign the Letter: Extend Your Tax Cuts
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Best,
Joe Eule
Americans for Prosperity
P.S. Want to read more about the impact of extending the Tax Cuts and Jobs Act?
Check out the full report here.
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Americans for Prosperity believes freedom and opportunity are the keys to
unleashing prosperity for all. We are a community of millions of concerned
citizens advocating for solutions based on proven principles to tackle the
country's most critical challenges.
Americans for Prosperity
4201 Wilson Blvd, Suite 1000
Arlington, VA 22203
This email was sent to:
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