Tag: Tax Cuts and Jobs Act of 2017

Sen. Bob Casey Confirms Democrats May Kill Trump Tax Cuts, Prompts Dave McCormick to Vow No Hike for ‘Middle Income Pennsylvanians’

Tom Pappert

U.S. Senator Bob Casey (D-PA) confirmed last Thursday that Democrats are still making decisions about tax cuts, including whether they will reverse the 2017 tax cuts championed by former President Donald Trump and other Republicans, including U.S. Senate nominee Dave McCormick.

Casey made the remarks to Roll Call after the publication noted that allowing the reduced tax rates established in the Tax Cuts and Jobs Act of 2017 to expire would violate President Joe Biden’s pledge not to increase taxes on those earning less than $400,000 per year.

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The 2024 Sunset of the Trump Tax Cuts Becoming Election Year Issue as Inflation, Cost of Living Climbs

The Center Square
Donald Trump

The sweeping Trump-era tax cuts in the Tax Cuts and Jobs Act of 2017 are set to expire next year, setting up the tax debate as a potentially key political issue this election year.

While illegal immigration and inflation top Americans’ list of concerns, both parties are increasingly talking about the Trump-era tax cuts, which President Joe Biden has said he will allow to expire next year.

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Commentary: Politicized, Progressive Big Philanthropy

RealClearWire
Harvard Money

Steve Miller’s December 12 RealClearInvestigations article, “How Tax-Exempt Nonprofits Skirt U.S. Law to Turn Out the Democrat Base in Elections,” is both jarring and informative and helps frame many important questions facing philanthropy, conservatism, and conservative philanthropy.

Miller describes the general size and scope of activities being conducted a progressive nonprofit infrastructure that has “taken on an outsized part of the Democratic Party’s election strategy” and, specifically, how they “work around legal restrictions on nonprofits that accept tax-deductible donations by selectively engaging in nonpartisan efforts including boosting voter education and participation.”

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Trump Tax Cuts Spur Unexpectedly High State Revenues

Admin

by Evie Fordham   The Tax Cuts and Jobs Act touted by President Donald Trump is one of three reasons that at least 19 states are reporting unexpectedly high general fund revenue halfway through fiscal year 2019, tax policy expert Adam Michel told The Daily Caller News Foundation Thursday. “Trump can also take credit for the larger economy to the extent that that’s now fueling additional spending,” Michel, a Heritage Foundation policy analyst, told TheDCNF via telephone. “It’s not only the Tax Cuts and Jobs Act that’s growing the economy but his deregulatory agenda is fueling economic growth. All of those things wouldn’t have happened if he didn’t push for them.” Increased spending in the larger economy gave state sales tax revenue a boost. “I think we will see most states end up with more revenue at the end of the year,” Michel told TheDCNF. Heritage is a conservative think tank located in Washington, D.C. The current fiscal year will hit its halfway point on Dec. 30. The National Association of State Budget Officers (Nasbo) released a report Thursday that said 19 states have received general fund revenue that exceeded expectations for fiscal year 2019. Those states include Georgia, Pennsylvania,…

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