Renewing Trump Tax Cuts Crucial to America's Economic Strength

Veronique de Rugy / Townhall Opinion

 

The Trump tax cuts are set to expire later this year, and that poses a real challenge for policymakers, businesses and taxpayers alike. Americans face a $4 trillion tax hike as key provisions of the 2017 Tax Cuts and Jobs Act sunset. The stakes are too high to ignore, and it has to be done right.

Failure to make most of the cuts permanent would be detrimental to economic growth, something we can ill afford. And while Republicans control the White House, House and Senate, the path is fraught with political and fiscal obstacles.

For budgetary reasons, the tax reductions were made temporary. These included lowering individual income tax rates, nearly doubling the standard deduction, increasing the child tax credit from $1,000 to $2,000, placing a $10,000 cap on the state and local tax, or SALT, deduction, and significantly increasing the exemption amount for the estate tax. Without legislative action, these provisions will revert to their pre-2018 levels.

In addition, the TCJA's full expensing provision allowed businesses to immediately deduct 100% of the cost of certain capital investments, such as equipment and...Read more here.

Trump Has Granted These Agencies With Deportation Powers. Libs Are Going to Freak Out.

Matt Vespa / Townhall Tipsheet 

It’s refreshing to see all facets of federal law enforcement being used to rid our nation of the criminal illegal alien scum that Joe Biden allowed to entrench themselves into our communities willingly. The Biden administration knew where these people were but did nothing. Hundreds, if not thousands, of violent criminal aliens have already been arrested and detained, and we’re not even a week into Trump’s presidency (via Fox News):

"Immigration and Customs Enforcement (ICE), in the first days of the Trump administration, has made for than 460 arrests of illegal immigrants, including those with criminal histories that include sexual assault, domestic violence and drugs and weapons crimes. 

Information obtained by Fox News Digital, shows that between midnight Jan. 21 and 9am Jan 22, a 33-hour period, ICE Enforcement and Removal Operations (ERO) arrests over 460 aliens that include criminal histories of sexual assault,...Read more, see Xs and videos here.