If tax cuts expire, Hispanic families will pay the price
January 23, 2025
Soaring inflation fueled by out-of-control government spending has put a terrible strain on family budgets over the past few years. This drove Latino voters to support change in Washington: a new president and a new majority in Congress. However, will lawmakers listen to the voters who put them in charge?
As Congress convenes and President Donald Trump takes office, Washington faces the twin challenges of restraining the spending that drove up prices and dealing with the expiring provisions of the 2017 Tax Cuts and Jobs Act.
The TCJA, the landmark bill from Trump’s first term, lowered tax rates for all Americans, increased the standard deduction to simplify taxation, and helped lower the tax burden on small businesses.
If that law expires, Americans will be hit with massive tax increases at a moment when we’re still reeling from the last administration’s record-high inflation.
Hispanics would be disproportionately affected by these tax increases….
Originally Posted in The Washington Examiner