Tackling sticky high prices
Out-of-control government spending drove up prices
COMMENTARY
By Scott Walker - Thursday, April 10, 2025
OPINION:
Taxes, tariffs and terrible government spending were my topics when talking to students at the University of Wisconsin-Madison this week. So many of them were trying to figure out what was really happening in the economy and what the impact would be on them.
A recent Young America’s Foundation poll showed that tax cuts were the most popular item on President Trump’s agenda for 18- to 29-year-old voters. They are still concerned about high prices, so it makes sense that they want to keep more of their hard-earned dollars to help pay their bills.
One of the most important things members of Congress can do right now is pass a budget that extends the tax cuts signed by Mr. Trump in 2017. Failure to do so will result in a more than $4 billion tax increase on the American people, as the tax cuts will soon expire.
Despite the rhetoric from the left and many in the media, the Trump tax cuts gave the largest cut to low-income working families. Under the Trump tax cuts, their federal tax rate fell to the lowest in 40 years. Working families making $20,000 to $30,000 annually, the largest income group, received a 13.5% tax cut. Historically, the bottom half of earners paid less income taxes than ever.
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READ MORE: https://www.washingtontimes.com/news/2025/apr/10/tackling-sticky-high-prices/
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Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
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