Trump Seeks Tax Cut Extension

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tax cuts president

Foxnews

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Lawmakers to debate extending Trump's tax cuts

Summary

Nutrition label

57% Informative

Republicans argue if the measure is not re upped, taxpayers will have to pick up the tab.

House Ways and Means Committee Chair Jason Smith claims letting the Tax Cuts and JOBS Act lapse would mean a big tax hike for everyday Americans , on average a 22% increase.

Republicans point to recent Treasury Department data which shows that tax revenues are up 45% from November of 2017 to now.

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Informative language

Neutral language

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formal

Language

English

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not offensive

Hate speech