Republicans Looking to Expand Tax Cuts After Midterms

  • by:
  • Source: News Max
  • 10/19/2022

Republicans Looking to Expand Tax Cuts After Midterms

  • by:
  • Source: News Max
  • 10/19/2022

Republicans hope to make the tax-rate changes passed under former President Donald Trump permanent if the GOP takes control of Congress in the upcoming midterm elections.

"The trick is to put the president in a position of either getting defeated in 2024 or signing your stuff into law," former House Speaker Newt Gingrich, who remains in communication with senior party leaders, told The Washington Post. "Republicans will make it a priority to continue the Trump tax cuts, because it puts the Democrats in a position of being for tax increases and against economic growth."

Rep. Adrian Smith, R-Neb., said recently: "We have temporary tax policies that have been good for the middle class — we need to make those permanent."

White House spokesman Andrew Bates pushed back on this idea, saying in a statement: "While President [Joe] Biden and congressional Democrats are fighting to make middle class families the heart of our economy … Republicans want to sell those families out to rich special interests and by doubling down on their 2017 tax giveaway to the ultrawealthy and corporations."

Newt by is licensed under flickr