The sooner Congress can advance tax reforms, the sooner Americans can recover from four years of President Biden
WASHINGTON – Advancing American Freedom President Tim Chapman and Chairman Marc Short today sent a letter to Republican Senators urging them to swiftly refine and pass the One, Big, Beautiful Bill. They write:
“One, Big, Beautiful Bill (OBBB) is all that stands between the American people and a $4.6 trillion tax hike in 2026. If Congress gets cold feet—or fails to send the package to the president’s desk—American households will suffer a $2,100 tax increase on average.
“OBBB not only defuses the looming tax bomb, it takes a first step toward entitlement reform, rebuilds the military, and ensures that our Border Patrol agents and Immigration and Customs Enforcement officers have the tools they need to secure the border and deport illegal aliens.
Chapman and Short cite AAF’s analysis on why flawed CBO analysis should not set terms for renewing the tax cuts, saying:
“Some would hold American families hostage over Joint Committee on Taxation (JCT) and Congressional Budget Office (CBO) estimates. But, as our analysis has demonstrated, their scoring of 2017’s landmark tax package has undercounted revenue by $1.5 trillion thus far, and could ultimately prove wrong by more than $3.2 trillion over the ten-year window.
They also outline how the Senate can refine the bill further:
“We recommend lowering the corporate tax rate; eliminating the State and Local Tax (SALT) deduction entirely; instituting full, immediate, and permanent expensing; ending all Green New Deal subsidies; and stripping the debt limit language out of the bill. These changes would promote growth, cut waste, and put America on better footing for tackling our long-term debt crisis.
“The sooner that Congress can advance these reforms and send a package to the president’s desk for a signature, the sooner our economy can recover from four years of President Biden.”
Advancing American Freedom has been the leading conservative voice calling for Congress to swiftly renew the historic Trump tax cuts and deliver on the promise of pro-growth tax reform that lowers taxes for everyone. AAF will be crisscrossing the country throughout its $10 million campaign to highlight why Congress should act now to prevent unwanted tax hikes on millions of Americans.
Click HERE to read AAF’s conservative blueprint to protect American taxpayers.
Advancing American Freedom is a nonprofit organization dedicated to developing and advancing conservative policy solutions and principles that improve the lives of all Americans. For media requests, please reach out to press@advancingamericanfreedom.com.
