Without action, 30 million small businesses in the United States will be faced with a massive tax hike.
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I have 170-some Members that have signed on to my bill to rid of the death tax. It is a pilfer tax.
It is difficult when you are getting hit on all sides and your federal government isn't helping to prevent it.
I think the Trump tax cuts, as you said, created the 20 percent small business deduction that benefited Main Street businesses such as yourself across America and in small communities.
It would disproportionately impact small businesses, lead to job losses, and diminish the competitive position of American companies in the global market.
It would expand the Child Tax Credit, include provisions for paid family leave, support for expecting parents and pregnancy centers.
I want to talk a little bit more about something that has already been discussed today, and that is the Child Tax Credit and the expansion of that under the 2017 Trump tax cuts.
We need to use domestic feedstock. We can't use stock from around the world.
It would just be a killer, absolutely. And all of a sudden, that next generation is lost.
There is a lot of tax inequity. One specific one is the death tax, estate tax.
Democrats, including Vice President Harris, have promised to roll back these important tax cuts that Randy was just talking about.
But our ranking member on that committee said just a few months ago in our markups this year, we do not have a spending problem; we have a revenue problem.
I think there is a philosophical difference happening right now in Washington, D.C. We believe that that is your money, not the government's money.
In 2017, under the Tax Cuts and Jobs Act, we dramatically reduced taxes. And you know what happened? It grew our economy and we brought in record number of revenue.
The left is holding up the environmental permitting reform necessary to mine for the domestic critical mineral which we need to compete with China, while urging a massive EV market share expansion.
I think you expressed the inconsistency between environmental policies, and what the same environmentalists think we ought to do for EV vehicles.
The left is holding up the environmental permitting reform necessary to mine for the domestic critical mineral which we need to compete with China, while urging a massive EV market share expansion.