Newt Gingrich: Trump tax cuts vs. a congressional tax increase
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Members of Congress seeking to delay or stop a Big, Beautiful Bill of tax cuts, energy improvements, deregulation, economic growth and better affordability are risking a lot.
Large portions of the 2017 Tax Cuts and Jobs Act were designed to expire at the end of this year.
Voting down the Big, Beautiful Bill will be a vote against tax cuts — and for a massive tax increase on virtually every American.
The House Ways and Means Committee listed all the tax increases that will hit American families if the Big, Beautiful Bill is defeated:
- A family of four making the median income, $80,610, will pay $1,695 more in taxes if the Trump tax cuts expire. (This is worth about nine weeks of groceries.)
- The Child Tax Credit would be halved for 40 million families.
- The standard deduction would be halved for 91% of all taxpayers.
- 26 million small businesses would be hit with a 43.4% top tax rate.
- 7 million taxpayers would be impacted by the return of the Alternative Minimum Tax.
- The Death Tax Exemption would be halved for 2 million family-owned farms.
This scale of economic pain after four years of Biden-flation would be a disaster.
The American people would set out to punish every member of Congress and senator who voted to raise their taxes and further cripple their standard of living.
The American people ranked the cost of living and affordability higher than stopping illegal immigration in the 2024 election. Every member, Democrat and Republican, who votes for a tax increase will have to explain it back home.
In addition to the personal family pain, the tax increases would devastate the economy. Small businesses would be crippled. Consumer spending would collapse. State and local governments would find their revenues collapsing as the economy tried to absorb the hit on American families.
If members use common sense — and not be trapped into Washington procedural baloney — they can easily offset any plausible costs. It is more than possible to reduce the deficit, stop tax increases and pass additional tax cuts.
As Elon Musk and his team of young computer geniuses at DOGE have proven, the scale of fraud and waste in the lobbyist-bureaucratic machine is almost unimaginable. News articles have already cited millions and billions in waste and fraud.
As the largest single cost center in American life (almost 18% of the Gross National Product), health care has attracted a huge number of crooks. They have figured out how to rip off complacent, paper-based, slow systems with virtual impunity.
If we focus on Making America Honest Again, we can save enough money to pay for the Big, Beautiful Bill — and move toward a balanced budget.
Finally, the tax, deregulation, energy and affordability bill must pass by May or June.
The Ronald Reagan tax cuts did not go into effect until 1983 — and Republicans lost 26 seats in the House in 1982. The 2017 tax cuts were passed in October and did not create enough economic momentum in 2018 — and Republicans lost 42 seats.
If we want to keep and grow the House Republican majority, we have to pass the tax cut, energy, deregulation and affordability bill by May or June at the latest.
Slow-walking President Donald Trump’s agenda is the path to Republican political suicide. It will almost certainly force Trump to deal with a Democrat-led House in 2027. Then we will all have to endure the same hostility, investigations and impeachment attempts that Democrats brought after Republicans threw away the House in 2018.
When Americans realize that voting against the Big, Beautiful Bill is a vote for massive tax increases, it should sail through with a bipartisan majority.
There are 13 House Democrats in districts Trump carried. Another 21 House Democrats are in districts he came within 5% of winning. If they vote to increase taxes on their constituents, they’ll have to own and explain it in the 2026 midterms.
The time to move is now. Congress must pass the Big, Beautiful Bill.
This article is from WWSG thought leader, Newt Gingrich.