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Steve Forbes, Ken Blackwell: Trump Tax Cuts 2.0: Will Congress to meet or strike this moment?



On the eve of another painful tax night, there is a meeting with the fate of the US Congress.

At a time when American families are confronted by the crushing weight of high prices and economic uncertaintyStems from the failed policy of the Biden administration-Washington has a historic opportunity to update growth, restore the prosperity and confirm the commitment of the principles that make our nation strong.

This opportunity lies in the rapid passage of the president Donald Trumps A thick tax plan.

Trump allies give impetus to a constant tax cutting plan in Congress

Current Inflation crisis Some global inevitable are not – this is a direct result of the Biden administration’s careless spending, multiple and American energy enmity. For more than three years, Washington conducted a war with favorable energy, and the economy was flooded with trillions and drowned in the state spending.

Results became devastating: increase prices, reducing salaries and deep economic concern for medium families. It’s time to go big and go fast.

This Economic damage made by bidenomics Stay must be redeemed with growth actions. A longer congress is waiting, the so uncertainty increases our economy.

Let’s start with: Let’s reduce individual income tax rates and simplify the tax code. The tax system must reward work, deposit and upholstery – it should not be punished.

Markets meet confidently without delay. Passing President Trump Tax reduction 2.0 Enterprises would send an inconvenient signal for investors and Americans: The increase is on the road, and the increase is returning from the agenda and is open to America.

Let’s not forget the significant success 2017 Trump Tax Cutswhich lead to historical economic expansion. These development reforms, salaries, generation Loss, who brought financial benefits to families at each income level, and generated the American coast.

Deep red state announces a great announcement on income tax: ‘We plant our flag’

He worked earlier and can now work better now. With the right movements, we can face the same American dynamism and get our economy back on the road again.

Let’s start with: Let’s reduce individual income tax rates and simplify the tax code. This tax system Work should reward the deposit and upholstery – it should not be punished.

This means to reduce the number of parentheses, to reduce all personal income tax rates and provide more about the fact that families gain the standard discount. The American employee has passed a lot of time for an increase by a government, but to allow more to keep their salary.

The American people deserve a tax code that works for them, not against them.

Then we have to cut the capital saving tax to 15%. Investment innovation, place of work and pension security.

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In the current law, investors face penalty taxes in the formation of income taxes, and we must lead the next generation of American success to hurt many entrepreneurs. 15% Capital gain rate is not just a pro-investor – it applies to development, employee and American pro-america. There is also a nice benefit to get more income.

Most urgently, Congress must reduce the corporate tax rate for 15% in a global scale. In this critical Bus, markets in the markets and the growing global uncertainty and corporate ratio will act as economic shock absorption.

It will protect American work in the home investment house, and help them oppose the inflationary pressure created by Biden’s trade and financial needling. We simply want American institutions to lead the world to lead the world to do so.

Low corporate taxes not only belong to Wall Street – they are about the main street. They allow small businesses to expand, hire and enlarge the salary.

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They give US manufacturers Ability to compete with foreign opponents. They continue their work in America instead of sending them abroad.

Trump tax reduction in 2017 raising each income group, narrowing racial income gaps and brought a record work. It’s time to fall twice now. Trump Tax Cuts 2.0 The next step is to restore the welfare of America. The Congress must pass it completely, boldly and delay.

The foundation of economic freedom, limited government and low taxes is not just a theory – it is a proven formula for well-being. Congress should act now. Delay is defeat. The fast passage of the Trump Tax Plan is not just a smart policy – it is an economic imperative.

The American people deserve a tax code It does not against them, works for them. Come and give you more. The future of our economy and the power of America’s dream depends on it.

Steve Forbes, Chairman of the Forbes Media and editor-in-chief, J. Kenneth Blackwell is the chairman of the Conservative Action Project and the former Ohio State Treasury.



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