WASHINGTON, D.C. – Any unnecessary delay in extending the 2017 Trump tax cuts heightens the risk that all Americans will see their taxes go up – including for the 91 percent of Americans who utilize the guaranteed deduction to lower and simplify their tax bill. Under the Trump tax cuts, Republicans doubled this tax deduction – making that option more attractive for more Americans to utilize in lowering the amount they owe to the IRS and making tax filing faster and less complicated.| Ways and Means
Protecting Families From Tax Hikes Must Be An Immediate Priority of Next Congress| Ways and Means
WASHINGTON, D.C. – Small businesses drive America’s economy, generating jobs and economic growth in communities big and small all across the country. The 2017 Trump tax cuts invested in this engine of economic growth by providing a 20 percent small business tax deduction – otherwise known as Section 199A – which helped ensure shops lining Main Streets across the nation could compete with larger companies and empowered job creators by giving them the resources to invest in their busin...| Ways and Means