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The Cost of Raising Taxes, by Brian Mark Weber – Brown Pelican Society of Lousiana

The Cost of Raising Taxes, by Brian Mark Weber

Daily Scripture Readings and Meditations: Fasting for the Kingdom of God

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SOURCE: By Brian Mark Weber, The Patriot Post, March 7, 2025

By Brian Mark Weber, The Patriot Post, March 7, 2025

Can the spell of congressional spending be broken or even just slowed down?

During his first term, President Donald Trump signed the Tax Cuts and Jobs Act, which reduced tax rates across the board — not just for the wealthy — and allowed Americans to keep more of their hard-earned money.

In his address to a joint session of Congress this week, the president asked Congress to extend the TCJA, which is about to expire at the end of this year. “The next phase of our plan to deliver the greatest economy in history,” he said, “is for this Congress to pass tax cuts for everybody.”

If that law is allowed to expire, all the benefits enjoyed by individuals and businesses alike would disappear. Even worse, Americans could face a significant tax hike when they’re already having trouble making ends meet thanks to years of inflation. …

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