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Trump tax policiesHome | The U.S. House Committee on the Budget - House Budget Committee
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69% Informative
Despite CBO ’s Predictions, Trump Tax Cuts Were a Boon for America's Economy and Working Families.
Republicans believe working families do not need the IRS taking any more out of their pockets, especially at a time when they are already paying for the nearly 20 percent increase in prices under Bidenflation .
Allowing the Trump tax cuts to expire will mean higher taxes on working families and businesses.
The Child Tax Credit will be slashed in half from $ 2,000 down to $ 1,000 .
Small businesses facing a 43.4 percent tax rate.
The guaranteed deduction that helps small businesses compete with larger corporations goes away.
CBO under projected the budget deficit by $1 trillion for fiscal year 2023 .
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