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Washington Examiner

Washington Examiner

Trump should prioritize middle class tax relief over loopholes that benefit Democrats

Washington Examiner
Summary
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78% Informative

President-elect Donald Trump will begin his second nonconsecutive term with Republican control of Congress , including a 53 -47 Senate majority.

Julian Zelizer : To make the most of the moment, the momentum, and the popular mandate to fix the economic disaster left behind by retiring President Joe Biden and Trump 's vanquished 2024 rival, Vice President Kamala Harris .

Zelizer says the president-elect should prioritize preserving and expanding the economic legacy from his first 2017-2021 term.

Under the TCJA, the CTC begins to incrementally phase out for single filers earning at least $200,000 .

Further expanding the tax break from $2,000 to $3,000 would cost a little more than $60 billion per year.

A multiracial and disproportionately working-class coalition delivered Trump to the White House in hopes of reversing the damage wrought by Bidenomics .