9 results for tag: tax reforms

Thanks to tax cuts, millennials are embracing entrepreneurship in Trump era

According to a recent analysis by MetLife insurance, more millennials are leaving their traditional 9-to-5 jobs in the hopes of starting their own businesses and they have President Trump’s tax cuts and a booming economy to thank. The Washington Examiner has the details: According to recent analysis by MetLife insurance, four in 10 millennials are planning to quit their current jobs within the next five years and seek out work as a freelancer in the labor market. According to one millennial entrepreneur, the idea of starting one’s own business and being your own boss is a major priority among young entrepreneurs “Starting my own business ...

Democrats’ fear-mongering tax reform tactics have backfired

After weeks of Democrats – like Nancy Pelosi – falsely claiming President Trump’s tax reforms are little more than “crumbs” and “scraps” for the American people, more recent polling in February show hard-working Americans are discovering they aren’t telling the truth. After millions of workers noticed a bump in their income, a majority of Americans now support President Trump’s tax reform plan. Townhall has the details: This is about as clean a political win as you're going to see these days, so Republicans are absolutely right to be pressing their advantage.  They've earned it.  They withstood weeks of withering and punishing ...

Daily Signal: Spending cuts are better for the economy than tax hikes

Thanks to President Trump, the recently passed Tax Cuts and Jobs Act is a great first step to reviving business confidence in the U.S and boosting economic growth. However, if the Republican party doesn’t follow through on their campaign promise to minimize spending, America will take two giant leaps backward. The Daily Signal has the details: Some point to the deficit as a reason to raise taxes. But new research shows that spending cuts are superior to tax hikes when it comes to reducing the deficit. This should embolden lawmakers to pursue spending reductions in this year’s budget resolution, giving particular focus to reducing entitlem...

Tea Party Patriots Citizens Fund Congratulates President Trump on Passage of Tax Reform

Atlanta, GA – Tea party Patriots Citizens Fund Chairman released the following statement congratulating President Trump and Republicans in Congress for passing tax reform. “On behalf of our more than 3 million supporters across the country, Tea Party Patriots Citizens Fund congratulates President Trump and Republicans in Congress for keeping one of the biggest promises made to the American people in 2016: allowing them to keep more of their hard-earned money. As a candidate, President Trump emphasized the importance of tax relief and tax reform to our economy, and promised he would deliver on both. This is a historic achievement for President ...

Tea Party Patriots Citizens Fund Congratulates U.S. Senate for Passing Tax Reform

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement reacting to the U.S. Senate passing the tax reform conference report. “Tea Party Patriots Citizens Fund congratulates the U.S. Senate for delivering on the promise to pass a comprehensive tax reform plan that will leave us with a tax code that is flatter, fairer and simpler while allowing the American people to keep more of their hard-earned money. We are thankful the Senate pushed to include repeal of Obamacare’s individual mandate in tax reform. It will lift a huge burden from American families and we hope it will set us on a path to ...

Tea Party Patriots Citizens Fund Congratulates U.S. House for Passing Tax Reform

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement reacting to the U.S. House of Representatives passing the tax reform conference report. “Tea Party Patriots Citizens Fund congratulates the House of Representatives for delivering on the promise to pass tax reform that allows the American people to keep more of their hard-earned money and reforming our tax code to be flatter, fairer, and simpler. We appreciate that the House was willing to amend their version of tax reform to include repeal of Obamacare’s individual mandate, which will lift a huge burden from the American people and ...

Jenny Beth’s Journal: Congress Should include “New GIG Act in Tax Reform to Help Workers in Sharing Economy

In a new column for The Hill, Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin calls on members of the House Ways and Means Committee, who are currently making changes to a large tax reform package, to include an amendment supported by Rep. Tom Rice of South Carolina that “seeks to clarify the classification of workers in the new sharing, or “gig,” economy. According to a recent study out of Harvard University, more than 24 million Americans are currently making a living in the “gig” economy and many face tax hassles because the current tax code was written before the sharing economy began. Jenny Beth writes in the Hill: Their ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 11/6/17

  CALENDAR: The House will return Monday, with first votes set for 6:30 PM. The House is scheduled to hold its last vote no later than 3 PM Thursday. The Senate also returns on Monday, with the first vote set for 5:30 PM. LAST WEEK ON THE HOUSE FLOOR: On Thursday, October 26, the House took up H.Con.Res. 71, establishing the congressional budget for the U.S. Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027. This was a vote on the Senate-passed budget resolution, and its passage meant that there was no need to go to conference to work out differences between the House-pas...

Tea Party Patriots Citizens Fund Applaud New GIG Act to be Considered in Tax Bill Markup

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement on the New GIG Act that is under consideration to be added to the House tax reform legislation: “Tax laws not only need to be reformed but they need to be updated to reflect today’s economy.  More and more people are working multiple jobs as contractors because it fits their schedule, lifestyle and financial needs. They can spend their mornings doing graphics or web site design while driving for Uber or Lyft the rest of the day, and perhaps even do a third job in the evening. The reform proposed by Senator Thune and Congressman Rice ...