Rep. Jason Smith: Every American will see a tax increase at the end of 2025 if Trump tax cuts expire
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- Опубликовано: 29 апр 2024
- House Ways and Means Committee Chairman Rep. Jason Smith (R-Mo.) joins 'Squawk Box' to discuss the future of Trump tax cuts, whether Congress will pass a slimmed down version of the tax cuts, and more.
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Didn’t talk about “pay fors” with the massive foreign aid package.
I think the tax rates should be higher for people making 300,000 per year.
It already is
The biggest change was to calculating inflation in 2012 eliminating food and energy. This was done to keep inflation below 5% in the 2012 election year. Now dems even redefined the 8 month recession in 2022 ,that 2 quarters of negative gdp doesn't count
we went from leaving England over 2% tea tax to paying Biden half of everything
That’s the natural growth of economy’s.
Do you complain that you child no longer wears a size 2 and his size 10 costs 4 times as much?
Ridiculous and uneducated
@@JaneJetsin Talking but saying nothing. Try making sense.
@@FreeJulianAssange23 It’s your fault you’re not intelligent enough to understand. I’m now lowering my content for the short bus slow student.
CATCH UP
I am republican after living in the disaster of NYC - it's not that the inflammatory rhetoric about tax cuts is true or false; it's that liberals talk like the 22% tax bracket or 12% tax bracket is a set/fixed dollar amount. It is not. They raise the income per tax bracket every year. Ex. 2020, 24% income tax bracket = $85K, in 2024, it's $100,526. So one will need to do some math to decide if your tax will be higher/lower/the same come 2025.
Im at $86,000 in the bank.. no debt and im loving it.. living on less than you make and believing that you can is one heck of a step in achieving it
Sometimes I'm not sure how but we do! We're blessed and very thankful. My man, way to go! Just like you, l'm debt-free, living on half my monthly income, and I'm currently at $11,000 in a High Yield Savings Account. Whoop, whoop!
Any car debt or did you pay that off?
Not sure if question was for me, but no. I've no personal or medical debt at all. I drive a paid for 2011 Mazda paid it off August
2023. Haven't looked back since
Inflation is gobbling up that fat chunk...oops smaller chunk now. Seems like 10% a year to keep pace.
3-6 month emergency fund should be highly liquid to access which for most is about 10k to 15k
The other guy has to be fact checked because he’s a known, persistent liar.
Communism ca be expensive ........explained Joe .....!!!
SALT limitations were specifically aimed at democratic-leaning states as a form of punishment. The fact is that wealthy largely blue states subsidize the poorer red states.
Facts, i am a homeowner in california. first time buyer too, repealing the tax cuts and upping the salt deduction would indeed help me so this guy is lying.
I've already run the numbers, my take home will be $1,500 - $1,600 less a year.
I'm far from being "rich"
SALT deduction almost exclusively benefits high income earners in blue states. Middle to lower class people very rarely itemize their deductions with the increased standard deduction.
Unfortunately we are not a nation of Libertarian voters.
He is only worried about corporations not tax paying citizens.
From 2000 to 2024, $5.5T was used by corporations to buyback stocks instead of creating new jobs in 🇺🇸
Does tax cut for the rich make it better for the country.Or if everyone pay fair share.