The Urban-Brookings Tax Policy Center estimates that, on average, Americans’ taxes would rise about 7.5% if the 2017 tax cuts are allowed to fully expire at the end of the year. But President Donald Trump has repeatedly claimed that if the Republican budget bill, called the One Big Beautiful Bill Act, doesn’t pass, Americans “will get a 68% tax increase.”
Issues: tax cuts
Pro-Trump TV Ad Overstates His Second-Term Economic Record
Independent Analyses Contradict Navarro’s $6 Trillion-Plus Tariff Revenue Estimate
Before President Donald Trump paused some new tariffs that he unveiled on April 2, several economic groups estimated that tariffs he has announced this year could raise between roughly $2 trillion and more than $4 trillion in federal revenue over a 10-year period. But that’s well short of the $6 trillion or $7 trillion that White House trade adviser Peter Navarro claimed the tariffs would raise to help pay for tax cuts, including an extension of the 2017 tax law.
Kamala Harris’ Closing Arguments
In the closing weeks of the campaign, Vice President Kamala Harris has portrayed former President Donald Trump as a danger to democracy. She also has warned he will enact policies that will hurt blue-collar workers, women, seniors, and the nation’s health care system and economy. That was her message at eight campaign events that we reviewed from Oct. 18 through Oct. 22.