Pro-growth economic conservatives are taking a well-earned bow after President-elect
Trump stated his preference for one “big beautiful” reconciliation bill that would include all his priorities, including his pro-growth tax cuts.
As our friend Stephen Moore of the Committee to Unleash Prosperity explained in the latest edition of his must-read Hotline newsletter:
Three weeks ago, Republican Senate leaders announced their intention to put the Trump tax cut extension on hold while other policy goals took top priority.
We at Unleash Prosperity - along with Larry Kudlow every night on his Fox show - howled in protest and pounded away at the negative economic impact of ANY delay. Our message was simple: Trump has a storehouse of political capital and a voter mandate on taxes. This has to be a first 100 day priority for Congress. There's no pushing to the back burner. The tax cut expires at the end of 2025.
Go ahead and do the border security and pro-American energy policies concurrently with moving the tax bill. Walk and chew gum at the same time.
We got Trump's ear. He's now weighed in decisively for our approach of one big reconciliation package:
The D.C. elites (who naturally opposed Trump) are saying tax cuts can wait. That's not what the voters say... Steve went on to explain that President Trump posted an article from his pollsters John and Jim McLaughlin explaining exactly why the tax cuts need to be passed as soon as possible:
Eighty-two percent % favor ending federal taxes on Social Security income. Only 11% oppose.
Seventy-one percent favor ending federal taxes on tips for service workers. Only 21% oppose.
Seventy percent favor making the tax cuts permanent in the Tax Cuts and Jobs Act, otherwise taxes will go more than $2,500 a year for the average American. Only 17% oppose.
Sixty-six percent favor ending federal taxes on overtime pay for workers. Only 25% oppose...
The tax lobby may be the most powerful lobby in DC, although its work is not often subject to the same kind of public scrutiny to which other interest groups are subject. That’s because it has become DC custom to write tax bills in the middle of the night before a big deadline, such as the year-end holiday recess. This is fine with the tax lobbyists and their billion-dollar clients, but it is rarely good for Joe and Jane Average Taxpayer.
Smart and proven tax cutting, pro-growth architects like Larry Kudlow, Art Laffer, Steve Forbes and Steve Moore are telling the President-elect and Congress that America needs to make the Trump tax cuts permanent as soon as possible. History tells us that Trump should listen to them and not the D.C. insiders who want to continue to suck our tax dollars like a vampire sucks the blood of their victim.
2024 Election
Continuing Resolution
Federal budget deficit
national debt
federal spending
Speaker Mike Johnson
Donald Trump administration
Funding the government
Democrat votes
Republican House majority
Congress favorability
Trump inauguration
38 conservatives
One reconciliation bill
Rep. Jason Smith
border security
two reconciliations bills
Rep. Andy Harris
I understand why this particular legislation needs to be in a single package, but one of the problems generally with the legislative process is the passage of 1000 page "comprehensive" bills that no one person can read or understand. "Comprehensive" is the most dangerous concept in Washington DC. As a rule, they would be better off with concise single issue bills that every representative could understand and vote up or down. We voters need to be better served by the people we vote to represent us in government.