Biden’s Pledge To Let Trump’s Tax Cuts Die Has Stirred Up A Hornet’s Nest: Jonathan Williams & Lee Schalk in The Daily Caller
Their message to Washington is clear: The costs of gas, groceries and mortgages are out of control already. Hands off our paychecks.
Jonathan Williams, ALEC Executive Vice President of Policy and Chief Economist, and Lee Schalk, ALEC Vice President of Policy, write in their latest op-ed for the Daily Caller about the recent ALEC state legislator letter highlighting the benefits of permanently extending the 2017 Tax Cuts and Jobs Act.
Calls for higher taxes are a pillar of President Joe Biden’s re-election campaign, as he pledges to allow the popular Tax Cuts and Jobs of Act (TCJA) of 2017 to expire at the end of 2025.
“That tax cut is going to expire,” President Biden recently tweeted. “If I’m reelected, it’s going to stay expired.”
It is a costly gamble, as two-thirds of Americans say federal income taxes are already too high. Most will face even higher tax bills if the president delivers on his promise.
But opposition to Biden’s tone-deaf message is growing. Recently, a group of state legislators with the American Legislative Exchange Council (ALEC) delivered a letter to leaders on Capitol Hill, urging Congress to permanently extend the TCJA, former President Donald Trump’s signature tax reform package, before it’s too late.