47 Conservative Groups & Activists Urge House Action on Making Individual and Small Business Tax Cuts Permanent
47 Conservative Groups & Activists Urge House Action on Making Individual and Small Business Tax Cuts Permanent
A key component of 2.0 is locking in the individual and small business tax cuts included in the Tax Cuts and Jobs Act. This pro-growth policy will provide certainty for our families, workers, and
In all, 47 conservative groups and activists wrote to House Speaker
"Since it was signed into law, the Tax Cuts and Jobs Act has increased take-home pay, simplified the tax code, and grown the economy. The
On behalf of the undersigned organizations, we urge the
The TCJA has turbocharged the economy, leading to the creation of new jobs and increased take-home pay for 90 percent of wage earners.
However, many important provisions in this bill could not be made permanent because of liberal obstructionism and arcane
We urge you and your colleagues in the House to work with
The TCJA also dramatically simplified the tax code for families and individuals. For instance, the standard deduction was doubled so that an estimated 93 percent of taxpayers can now file on a single page.
Tax reform also raised the threshold at which the alternative minimum tax hits taxpayers, offering relief for 4.3 million Americans who will no longer be forced to calculate their taxes twice and pay the AMT.
The threshold at which the death tax hits was doubled providing welcome relief for family businesses and the House should move quickly to provide permanence in this area. House leadership should consider the political and economic benefits of making
Tax reform further offered relief and simplicity to more than 22 million families who take the Child Tax Credit by doubling this provision and consolidating other family provisions.
The individual tax title of the TCJA even implemented tax reduction for 28 million small businesses through the creation of a 20 percent deduction on pass-through income, expanded 179 expensing, and other changes to encourage more investment in small firms and new business creation generally.
The TCJA has also offered relief from Obamacare by repealing the individual mandate tax penalty. More than 6.6 million individuals and families paid the individual mandate tax penalties in 2015. This tax penalty is also one of the most regressive taxes in the code - nearly 80 percent of taxpayers impacted by the mandate made less than
Since it was signed into law, the Tax Cuts and Jobs Act has increased take-home pay, simplified the tax code, and grown the economy. The
Sincerely,
President, Americans for Tax Reform
Founder and Chairman, 60
President, 60
President, American Commitment
President,
President,
CEO, ALEC Action
President,
President,
Chair, Maine Center-Right Coalition Meeting
Senior Fellow,
Executive Director,
President, Citizen Outreach
President,
President, Consumer Action for a Strong Economy
President,
State Director, CWA of
Executive Director, Digital Liberty
Chairman,
Co-Chair,
President,
Executive Director,
President & CEO,
President,
President,
CEO, Independent Women's Voice
President,
President,
Little Rock City Director Ward 5, Priority 1
State Representative,
Vice President for Policy,
Former Speaker,
Leader,
President,
Co-Chair,
Co-Chair,
Ohio State Representative
Executive Director, Oregon Capitol Watch
Chair, Orlando Center-Right Coalitio
Executive Director,
Secretary,
CEO,
President,
President,
President, Tea Party Nation
Chairman,
President,
Rep. Royce Calls on House to Pass Bipartisan Reforms to Avoid a Lapse of Flood Insurance Program
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