The debate over tax policies continues as Republicans highlight the success of the 2017 Tax Cuts and Jobs Act, citing benefits such as low unemployment, GDP growth, wage increases, and poverty reduction. They advocate for expanding these tax cuts to aid working families, contrasting it with potential tax hikes under President Biden. Democrats, on the other hand, criticize the Act for favoring the wealthy over the middle class and propose tax cuts for middle-class families and Social Security enhancements.
Had a great time testifying at @WaysandMeansGOP yesterday on the provisions that will be expiring in 2025 that were included in the Tax Cuts and Jobs Act. My full testimony is here: https://t.co/lgZR3D0c0B https://t.co/0Th1Rb0WHK
Today Republicans in the @WaysMeansCmte held a hearing to discuss the Trump tax cuts supposed benefits for working & low-income families. Yet none of their witnesses were low-income Americans. Why don't they want us to hear from those who actually deserve tax relief? https://t.co/ufhRylTthC
Congress hasn't voted to enhance #SocialSecurity in more than 50 years, but today, Republicans held a hearing about more tax cuts for billionaires. Democrats want to lower taxes for middle-class families and strengthen Social Security, not give more handouts to the wealthy! https://t.co/Z7wMrAYiv4
🚨Hearing alert! I’m joining my @WaysandMeansGOP colleagues for a hearing to continue providing tax relief to working families by expanding the successful 2017 Trump tax cuts. You can tune in here: https://t.co/GxstNiBqo8
Since @POTUS took office, he’s been breaking record after record, showing that when you invest in workers and their families, our economy grows, and we all win. Contrast that with Republican Tax Cuts that enrich shareholders and high-paid execs. https://t.co/UxcEZMQGGl
As @POTUS looks to implement policies that will raise taxes on the middle-class, @WaysandMeansGOP is working to expand provisions from President Trump’s tax package that created record low unemployment & lifted millions out of poverty. TUNE IN to our hearing as we discuss more…
Today the Ways and Means Committee will hold a hearing on expanding on the success of the 2017 Trump tax cuts to help hardworking Americans. While President Biden is exploring tax hikes that will hurt working families, Congress should focus on policies that provide tax relief.
The Tax Cuts and Jobs Act of 2017 led to years of record-low unemployment, GDP growth, real wage growth, and all-time high tax revenues. Families saw their median household income increase over $6,000 a year, real wages grew 4.9%, 6 million people were lifted out of poverty, and… https://t.co/1qp1Ur2phm