Tax Policy and the 2017 Tax Cuts

President Trump claims 68% tax increase if Republican budget bill fails, but analysis shows taxes would rise about 7.5% on average if 2017 tax cuts expire. Democrats opposed budget package, advocating for tax cuts for majority of Americans but not for high earners.

President Trump's Tax Policy Proposals

President Trump is considering a small tax increase for wealthy Americans to help fund his priorities for the middle and working classes. The bill is expected to add trillions to the deficit over the next decade, with the tax portion being the costliest. Discussions within the Republican Party are ongoing regarding potential tax hikes on the wealthy.

Impact of Trump's Tariffs on American Families

Senators debate the impact of Trump's tariffs on American families, with Democrats projecting a $5,000 per year tax increase while GOP Senator Kennedy disputes the projections as uncertain.

Critique of Kamala Harris's Tax Plan

Job Creators Network President Alfredo Ortiz criticizes Kamala Harris's tax plan as a 'tax Armageddon' and a step towards socialism, citing a proposed $5 trillion tax increase and a corporate tax rate hike from 21% to 28%.