The tax season is done.
And this year, the Republicans of Congress turned the tax season in the “sales” season. The Republicans and President Donald Trump press to approve a bill to welcome their 2017 tax cut package. Otherwise, those taxes expire at the end of this year.
“We have to make tax cuts permanent,” said representative Tom Tiffany, R-Wis., In Fox Business.
“We have to obtain the renewal of the president’s tax reduction and the Labor Law. That is absolutely essential,” said Senator Mike Rounds, RS.D., in Fox Business.
Rates for almost all American peaks if Congress does not act in the coming months.
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The president of the Mike Johnson Chamber Chamber, Republican of La-La., Speaks with the media after the Chamber approved the budget resolution on Thursday, April 10, 2025. (Tom Williams/CQ-Roll Call, INC through Getty Images)
“We are trying to avoid the increase in taxes in the most vulnerable populations of our country,” said representative Beth Van Duyne, Republican of Texas, a member of the Media and Media Committee of the Chamber that determines the fiscal policy. “I am trying to avoid a recession.”
If the Congress stumbles, the non -partisan Fiscal Foundation estimates that a couple married to two children entering $ 165,000 per year are slapped with additional $ 2,400 in taxes. A single father without children who won $ 75,000 annually could see a surcharge of $ 1,700 on his tax bill. A single father with two children who bring home $ 52,000 a year are slapped with $ 1,400 additional in taxes per year.
“Quite significant. That is an additional mortgage payment or an additional rental payment,” said Daniel Bunn of the non -partisan Tax Foundation. “People have a son of bones of use with the policies that are currently in law for almost eight years. And the change of return to the policy that was before the 2017 tax cuts would be a dramatic increase for many for many.”
But technically, Republicans do not reduce taxes.
“As simple as I can do this bill. It’s about keeping the same tax rates,” Senator James Lankford, Republican from Oklahoma, said in Fox.
The Congress had to write the 2017 tax reduction bill in some way for reductions to expire this year. That was for accounting purposes. The Congress did not have to count the tax cuts against the deficit thanks to some difficult mechanisms to creak numericals, so they expired within a window of several years. But the consequence was that taxes could rise if legislators did not renew the old reductions.
“It is mitigating and, therefore, automatically returns to fiscal levels before 2017,” said Senator Chuck Grassley, R-IIWA.
A recent Fox News survey found that 45% of respondents, and 44% of independents believe that the rich do not pay enough taxes.
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“He wants his billionaire friends to obtain an even bigger tax exemption. Is that misfortune?” Asked the Senate minority leader Chuck Schumer, DN.Y., in a demonstration in New York.
“Misfortune!” He shouted at the crowd.
“Unfortunate! Unfortunate!” Followed by Schumer.
The US Senate Minority leader, Chuck Schumer, DN.Y., (R) speaks with Senator Jeff Merkley, Democrat of Or., (L) With journalists a press conference on the impacts of the proposal for the republican budget in the United States Capitol on April 10, 2025 in Washington, DC. (Kayla Bartkowski/Getty images)
Some Republicans are now exploring the elevation rates of the rich or corporations. There is a talk on the legs in Capitol Hill and in the administration about the exploration of an additional set of tax supports.
“I don’t think the president has determined whether or not,” said White House spokeswoman Karoline Leavitt.
“We are going to see where the president is” in this, said Treasury Secretary Scott Besent, while traveling in Argentina. “Everything is on the table.”
A treasure spokesman clarified Bessert’s comments.
“What is out of the table is a tax increase of $ 4.4 billion in the American people,” said the spokesman. “In addition, corporate tax cuts will trigger a boom of manufacturing and will quickly grow the economy of the United States.”
The main leaders of the Congress Republican Party dismissed the idea.
“I am not a great admirer to do that,” said the president of the House of Representatives, Mike Johnson, in Fox. “I mean we are the Republican Party and we are in favor of the reduction of taxes for all.”
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“I don’t support that initiative,” said the leader of the majority of the Steve Scalise camera, R-La., In Fox Business, before adding “everything is on the table.”
But if it is President Donald Trump and the Republican Party, consider the policy of creating a new corporate tax rate or taxes on hiking on the accommodated.
Sunrise Light reaches the Capitol dome of the United States on Thursday, January 2, 2025, since the 119th Congress begins on Friday. (Bill Clark/CQ-Roll Call, INC through Getty Images)
The president has expanded the base of the Republican party. Republicans are no longer the “rich” party. Manual workers, the store and stores and small people and small people now understand the Trump Republican party. Therefore, keep these tax cuts with that working class core. Increasing taxes on the rich would help Republicans pay tax cuts and reduce the coup in the deficit. And would protect the Republicans from the argument of the Democrats that the tax cuts are for the rich.
Congress is now in the middle of a two -week recess for Easter and Easter. The legislators of the Republican Party and the personnel who work behind the scene to write the bill. No one knows exactly what will be in the bill. Trump did not promise taxes on advice for food service workers. There is also talk that there are no taxes on overtime.
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Republicans of high tax states such as New York and Pennsylvania want to see a reduction of “salt.” That’s where taxpayers can rule out “state and local taxes.” This provision is crucial to ensure the support of Republicans as representatives. Nicole Malliotakis, RN.Y. and Mike Lawler, RN.Y. But including salt reduction also increases deficit.
So what will the bill be?
“The minor settings within that are naturally on the table,” Rounds said. “Key thinking, [is] 218 in the camera and 51 in the Senate. “
In other words, it is mathematics. Republicans need to develop correct legislative beer, which orders the fair amount of votes in both cameras to approve. That could mean including certain provisions, or getting rid of others. It is a challenge. Special with the majority of the thin house.
People attend a press conference and a contest in support of fair taxes near the United States Capitol in Washington, DC, on April 10, 2025. (Images of Bryan Dozier / Middle East / Images of Middle East through AFP)
“There were compensation and compensation within that bill with which many people disacite themselves,” said Bunn of the 2017 bill. “And it is not clear how the package will join with these compensation variables.”
Johnson wants the bill to be completed for the day of the fallen. Republicans know that this company cannot advance too late in the year. Taxpayers would see a tax increase, even if it is temporary, if the exercise of the bill extends in the fall when the IRS will bet to prepare for the next tax season.
However, it is also that ending this Soner instead of later would be stability for volatile stock markets. Establishing a fiscal policy for next year would calm anxieties about the economic perspectives of nations.
“The great and beautiful bill,” Trump calls it, adding Hey the legislation made “soon.”
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And that’s why the tax season is now the sales season. Both for legislators. And to the public.
