Former President Donald Trump praised the 2017 Tax Cuts and Jobs Act for boosting economic growth and federal tax revenue, while criticizing Vice President Kamala Harris’s higher tax policies, and highlighted his approach as aligned with past presidents who supported tax cuts to drive prosperity.
Trump Defends 2017 Tax Cuts – Claims Economic Growth and Higher Federal Revenue, Criticizes Harris’s Higher Tax Policies
According to The Washington Times, former President Donald Trump recently spoke about the benefits of tax cuts, especially the 2017 Tax Cuts and Jobs Act (TCJA). He argued that these tax cuts have led to economic growth and increased federal tax revenue. Trump pointed to data showing that between 2018 and 2025, federal tax revenue is expected to be almost $620 billion higher than expected before the TCJA, and the economy is expected to grow by $12 trillion more than earlier estimates by 2025.
Trump compared his tax policies to those of Vice President Kamala Harris, saying that she supports higher taxes and expanding the federal government’s role. He criticized her plans to raise the corporate tax rate and tax unrealized capital gains, arguing that these moves could hurt the economy. Trump positioned his approach as more favorable for economic growth, aligning himself with past presidents like John F. Kennedy and Ronald Reagan, who also supported tax cuts to boost prosperity.
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$620 Billion Boost: Trump Touts 2017 Tax Cuts – Contrasts with Harris’ Tax Hike Vision (PHOTO: Politico)
Trump Highlights Tax Cuts as Key to Economic Growth and Revenue Ahead of Upcoming Tax Reform Debates
As the country gets ready for more tax reform debates, Trump’s renewed focus on tax policy highlights the clear differences between his economic vision and that of his opponents. He emphasized that tax cuts are key to driving both economic growth and increasing federal revenue.
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