Economists warns $ 4 trillion tax growth if the 2017 tax discounts expire


A group of 300 economists sent a letter to the President on Thursday Donald Trump Republican leaders in Congress call to prevent $ 4 trillion tax increase to damage the economy to prevent the term of tax discounts and $ 4 trillion.

In the letter, now a economist and a common builder headed Stephen Moore and stressed the extension low taxes In the packages and small businesses. In addition, the simplification of the tax code will end the provisions that will end at the end of the year, millions of Americans will effectively increase taxes.

“We agreed that more than 300 economists, economists, economists of some major universities, business leaders, and will be good for the economy of all countries and will be good for American workers,” he said.

“This is really, this is really not going on January 1, because this is not going on January 1, because this does not move on January 1, we are not working in the congress, we have the biggest tax increase.

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President Donald Trump and Speaker Mike Johnson

The letter of the letter called Donald Trump and Congress leaders, including Speaker Mike Johnson, R-le, 2017 tax incisions. (Getty Imager via Nathan Howard / Bloomberg)

In the letter, some critics of the bill, as primarily benefited from the richest Americans, said they criticized the 2017 tax discounts, but after the reforms, he said.

“Despite all the talks on tax incisions for the best 1% and billionaires, the share of income taxes paid by a millionaires and billionaires.” Most Americans do not know the most rich 1% income tax, so we have a highly progressive system. “

“Interest conditions, middle class, are not rich, not the largest decrease in tax payments. Thus, this is only a lie and ignore the truth when the left are thrown this one liner.”

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Congress Capitol Dome

The GOP’s great beautiful bill was passed by a narrow voice in late May and is considered by the Senate. (Samuel Core / Getty Images)

Moore also noted the importance of the expiration tax cutting provisions Small businessesHe said he played a key role in strengthening the US economy.

“Small businesses – men and women working companies everywhere from 10 to 100 employees – they Economy’s support. They received a great tax cut on business income … and it really supports small businesses, and helps to expand. ”

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Moore reduced reduces the discounts of the 2017 taxpayer and the Acts of the 2017 taxpayer in 2017 and reduces the discounts of some taxpayers and “very simplified the tax code.”

“Only 9% in America, or one of the 11 tax filters, made the shoes so much simpler. You allow other words, mortgage payments and municipal gardens to check and get your discount to make receipts and charitable.”

“If Trump does not extend tax discounts, everyone will have to return to allocations with a great headache.”

National debt viewer: American taxpayers (you) are now in hook for $ 36,215,42,426.65.6.65.65.6.65.6.65.6.65.6.65.65.65.65

Elon Musk in a Doge Hat

Elon Musk criticized the bill for budget deficits and the national debt. (Through Tom Brenner / Washington Post Getty Images)

It does not apply to other elements of the package such as letters, recommendations or working hours paying or expensive taxes on spending incision.

Billionaire Elon muskThe former leader of the government’s efficiency department and some conservative Republicans in Congress, criticized the projected shortcomings of the bill that will increase the budget room of the Congress will increase in ten years.

“I think in balance, I think this is a very good bill. This is not a big law. The past is a good bill,” he said. “I want to remind people, if it does not happen, we talk about $ 4 trillion tax growth that is devastating to American enterprises and families next year. Thus, it must correct.”

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“The first step is sure that we have a healthy economy and we will not go to a healthy economy, if there is a $ 4 trillion tax increase,” he said.



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