By Cape News |
Jan 26, 2024
After President Donald Trump took office in 2017, a tax reform bill was introduced with the aim of prioritizing American workers, families, farmers, and small businesses. This bill, known as the Tax Cuts and Jobs Act (TCJA), proved to be a game-changer for the economy, resulting in significant wage increases, economic growth, and reduced unemployment and poverty rates. However, some of the key provisions of the TCJA have either phased out or expired, prompting the need for further tax reform.In response to this, the Chairman of the Ways and Means Committee, who played a...