Here’s What Happens if Trump Tax Cuts Aren’t Extended

Democrat Rep. Steve Horsford actually said delivering “the biggest tax cut in history” would “screw America.”

What would “screw America” is failing to act. A new report from the Council of Economic Advisers shows that extending the Trump Tax Cuts will deliver needed relief to Americans after years of unending Bidenflation:

- Real wages will go up by as much as $3,300/year.

- Take-home pay for median-income households will increase by as much as $5,000/year.

- Short-run real GDP will be boosted by 3.3-3.8% and long-run real GDP by 2.6-3.2%.

- Save 4.1 million jobs from being destroyed.

- Distressed communities will see as much as $100 billion in investment.

If Congress doesn’t extend the Trump Tax Cuts, Americans will be stuck with the largest tax hike in history:

- The average taxpayer will see a 22% tax hike ($4 trillion).

- The average family of four will see a $1,700 tax hike.

- The Child Tax Credit will be cut in half for 40 million families.

- Nearly every taxpayer will see their guaranteed deduction slashed in half.

- 26 million small businesses will be saddled with a massive tax increase.

- Even liberal economists admit “all income groups would get a tax cut.”

President Trump is calling on Congress to immediately “pass the one, big, beautiful bill” and unleash a soaring economy, surging jobs market, manufacturing boom, and prosperity like never before.

It’s time to get it done.