ICYMI: 47 Conservative Groups & Activists Urge House Action on Making Individual and Small Business Tax Cuts Permanent

July 25, 2018 — Blog    — In Case You Missed It...   

Yesterday, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the “Tax Reform 2.0 Listening Session Framework.”

A key component of 2.0 is locking in the individual and small business tax cuts included in the Tax Cuts and Jobs Act. This pro-growth policy will provide certainty for our families, workers, and Main Street small businesses while unleashing even more economic growth in America for the long run.

In all, 47 conservative groups and activists wrote to House Speaker Paul Ryan (R-WI) and Chairman Brady in support of making these tax cuts permanent. They said:

“Since it was signed into law, the Tax Cuts and Jobs Act has increased take-home pay, simplified the tax code, and grown the economy. The House of Representatives should build on the success of this law by taking action to make individual tax provisions from H.R. 1 permanent.”

CLICK HERE or read below to see the letter.

CLICK HERE to view the Tax Reform 2.0 Listening Session Framework.

 

Dear Speaker Ryan and Chairman Brady:

On behalf of the undersigned organizations, we urge the House of Representatives to take action to make all of the individual tax provisions from H.R. 1, the Tax Cuts and Jobs Act (TCJA) permanent.

The TCJA has turbocharged the economy, leading to the creation of new jobs and increased take-home pay for 90 percent of wage earners.

However, many important provisions in this bill could not be made permanent because of liberal obstructionism and arcane Senate rules. Due to these constraints, Republican lawmakers were forced to sunset the individual tax provisions starting in 2026.

We urge you and your colleagues in the House to work with President Trump to make these provisions permanent so that the many benefits of the TCJA last.

Because of the TCJA, this year a family of four with annual income of $73,000 will see a tax cut of more than $2,058, a 58 percent reduction in federal taxes. Similarly, a single parent with one child with annual income of $41,000 will see a tax cut of $1,304 — a 73 percent reduction in federal taxes.

The TCJA also dramatically simplified the tax code for families and individuals. For instance, the standard deduction was doubled so that an estimated 93 percentof taxpayers can now file on a single page.

Tax reform also raised the threshold at which the alternative minimum tax hits taxpayers, offering relief for 4.3 millionAmericans who will no longer be forced to calculate their taxes twice and pay the AMT.

The threshold at which the death tax hits was doubled providing welcome relief for family businesses and the House should move quickly to provide permanence in this area. House leadership should consider the political and economic benefits of making President Trump’s position of full repeal permanent law. Permanent death tax repeal has unanimous support among House Republicans and was passed in the House’s first version of TCJA. Seven House Democrats including current lead sponsor Sanford Bishop (D-GA) joined Republicans to help pass Congressman Brady’s Death Tax Repeal Act in April of 2015. 

Tax reform further offered relief and simplicity to more than 22 million families who take the Child Tax Credit by doubling this provision and consolidating other family provisions.

The individual tax title of the TCJA even implemented tax reduction for 28 million small businesses through the creation of a 20 percent deduction on pass-through income, expanded 179 expensing, and other changes to encourage more investment in small firms and new business creation generally.

The TCJA has also offered relief from Obamacare by repealing the individual mandate tax penalty. More than 6.6 million individuals and families paid the individual mandate tax penalties in 2015. This tax penalty is also one of the most regressive taxes in the code – nearly 80 percent of taxpayers impacted by the mandate made less than $50,000 in annual income.

Since it was signed into law, the Tax Cuts and Jobs Act has increased take-home pay, simplified the tax code, and grown the economy. The House of Representatives should build on the success of this law by taking action to make individual tax provisions from H.R. 1 permanent.

Sincerely,

Grover Norquist

President, Americans for Tax Reform

James L. Martin

Founder and Chairman, 60 Plus Association

Saulius “Saul” Anuzis

President, 60 Plus Association

Phil Kerpen

President, American Commitment

Steve Pociask

President, American Consumer Institute

Dan Weber

President, Association of Mature American Citizens

Lisa B. Nelson

CEO, ALEC Action

Andrew F. Quinlan

President, Center for Freedom and Prosperity

Jeffrey L. Mazzella

President, Center for Individual Freedom 

Mary Adams

Chair, Maine Center-Right Coalition Meeting

Olivia Grady

Senior Fellow, Center for Worker Freedom

Chip Faulkner

Executive Director, Citizens for Limited Taxation (MA)

Chuck Muth

President, Citizen Outreach

David McIntosh

President, Club for Growth

Matthew Kandrach

President, Consumer Action for a Strong Economy

Tom Schatz

President, Council for Citizens Against Government Waste 

Penny Morrell

State Director, CWA of Maine

Katie McAuliffe

Executive Director, Digital Liberty

Palmer Schoening

Chairman, Family Business Coalition

Richard Watson

Co-Chair, Florida Center Right Coalition

Adam Brandon

President, FreedomWorks

Daniel Perrin

Executive Director, HSA Coalition

Tim Huelskamp, Ph.D.

President & CEO, Heartland Institute

Mario H. Lopez

President, Hispanic Leadership Fund

Carrie Lukas

President, Independent Women’s Forum

Heather R. Higgins

CEO, Independent Women’s Voice

Tom Giovanetti

President, Institute for Policy Innovation (IPI)

Dave Trabert

President, Kansas Policy Institute

Lance Hines

Little Rock City Director Ward 5, Priority 1

Paula G. Sutton

State Representative, Maine House of Representatives

Jameson Taylor, Ph.D.

Vice President for Policy, Mississippi Center for Public Policy

Tim Jones

Former Speaker, Missouri House of Representatives
Leader, Missouri Center-Right Coalition

Pete Sepp

President, National Taxpayers Union 

Stephen Stepanek

Co-Chair, New Hampshire Center-Right Coalition

William O’Brien

Co-Chair, New Hampshire Center Right Coalition

Niraj J. Antani

Ohio State Representative

Jeff Kropf

Executive Director, Oregon Capitol Watch

Grant Maloy

Chair, Orlando Center-Right Coalitio

Lorenzo Montanari

Executive Director, Property Rights Alliance

June Matheny 

Secretary, Pulaski County Republican Women

Mike Stenhouse

CEO, Rhode Island Center for Freedom and Prosperity 

Karen Kerrigan

President, Small Business & Entrepreneurship Council

David Williams

President, Taxpayers Protection Alliance

Judson Phillips

President, Tea Party Nation

Jenny Beth Martin

Chairman, Tea Party Patriots Citizens Fund

Edwin Tripp

Senior Political Reporter, The Boston Broadside

Mike Thompson 

President, Thomas Jefferson Institute for Public Policy