Make the Whole Trump Tax Cut Retroactive — to January 1 | The New York Sun

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Arguments Against Tax Hikes

The article strongly opposes any tax increases, arguing that such measures would be politically disastrous and economically detrimental. It references Newt Gingrich's suggestion to make the Trump tax cuts retroactive to January 1st, emphasizing the large number of Republican lawmakers who signed pledges against tax increases. The author highlights the potential for a significant political backlash if the White House were to push for a tax hike.

Economic Benefits of Trump Tax Cuts

The article counters the common Democratic narrative that the 2017 Trump tax cuts primarily benefited the wealthy. It cites data from Fox News Digital and the Heartland Institute, showing that the largest percentage savings went to taxpayers earning less than $75,000. Specific examples of tax savings across different income brackets are provided.

  • $40,000-$50,000 bracket: 18.8% less in taxes.
  • $50,000-$75,000 bracket: 16.5% less in taxes.
  • $5,000,000-$10,000,000 bracket: 2.3% less in taxes.

These figures are used to debunk the claim that the tax cuts were primarily for the rich.

Democrats' Misrepresentations

The article accuses Democrats of deliberately misrepresenting the effects of the tax cuts and spreading misinformation about threats to programs like Social Security, Medicare, and Medicaid. It emphasizes the importance of Republicans effectively countering these claims with data and facts.

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