Tag: 2017 Tax Cuts and Jobs Act

Lame Duck Biden-Harris Admin Working to Undermine Incoming Trump Energy Agenda After Kamala’s Loss

Daily Caller News Foundation
Joe Biden and Kamala Harris

The lame duck Biden-Harris administration is already working to undermine the energy agenda of President-elect Donald Trump after he handed Vice President Kamala Harris a crushing loss in Tuesday’s election.

Less than 48 hours after Trump won decisive Electoral College and popular vote victories, federal agencies are moving to interfere with Trump’s plans to expand and unfreeze approvals for liquefied natural gas (LNG) exports and to drill for more oil and gas on American lands, according to Bloomberg News and CNN. The Biden-Harris administration paused approvals for LNG export hubs in January and took numerous actions to restrict energy production on government-controlled lands, and Trump campaigned hard against those policies leading into November.

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Commentary: Tax Armageddon Day Is Coming

RealClearWire

Benjamin Franklin famously wrote in 1789 that “our new Constitution is now established and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Death and taxes are fated. However, are enormous tax hikes also a fait accompli? Is it a certainty – ‘an accomplished fact’ – that the White House and Congress will repeal tax reforms that worked? Tax breaks that helped small business owners and families.

For the past several days Americans have been scrambling to make the deadline to complete their 2022 tax returns. Most taxpayers will be relieved once the ordeal is done. However, here’s an unfortunate reality: if Washington fails to act, the federal tax code is headed for major changes in just a couple of years, including massive tax hikes on families and small businesses.

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Commentary: The Now-Complete Democrat Trifecta Threatens Tax Hikes

Michigan Star Staff
Capitol building

Understandably lost in the wake of Wednesday’s shocking events was the fact that, with two election wins in Georgia, Democrats took control of the Senate to go with control over the House and presidency. Though tax policy may have taken a backseat in these Georgia elections, the results raised the chances of significant tax hikes, and the undoing of progress made in the 2017 Tax Cuts and Jobs Act (TCJA), substantially.

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