Steve Forbes, Ken Blackwell: Trump tax discounts 2.0: Will Congress meet at the moment or blow them up?

On the eve of another painful tax day, the US Congress has a date with fate.

At a time when American families are facing overwhelming price overweight and economic certainty –Because of the failed policies of the Biden Administration– Washington has a historical opportunity to renew growth, restore prosperity, and reaffirm its commitment to the principles that made our nation always strong.

This opportunity lies in the passage of the President’s quick Donald Trump Bold tax plan.

Trump’s allies pay a plan to reduce permanent taxes in Congress

Current The inflation crisis Not some global inevitability – it is the direct result of the reckless Biden administration spending, excessive organization and hostility towards American energy. For more than three years, Washington launched a reasonable energy war, and the economy was overwhelmed by trillions in government spending, and strangled companies with a red tape.

The results were destroyed: high prices, salary shrinkage, and deep economic anxiety of middle -class families. It’s time to go to a large degree and go quickly.

the The economic damage to Bidenum The bold, pro -growth work should be retracted. The longer the longest Congress, the more uncertainty our economy.

Let’s start with what is clear: we need to reduce individual income tax rates and simplify the tax law. The tax system should reward work, savings and escalating movement – not to punish it.

The markets respond to confidence, not delay. President Trump has passed Tax discounts 2.0 An unambiguous signal will be sent to companies, investors, and working Americans: assistance on the road, growth returns to the agenda, and America is open to work.

Let’s not forget the wonderful success of 2017 Trump tax discountsWhich sparked historical economic expansion. These pro -growth reforms have achieved concrete benefits for families through each level of income, raised wages, lowered unemployment to their lowest levels in generations, and returned investment to American beaches.

Deep Red State offers a major advertisement on income tax: “We grow our knowledge”

I have succeeded before – and can work better now. With the right moves, we can feel the American dynamic itself and restore our economy to the right track.

Let’s start with what is clear: we need to reduce individual income tax rates and simplify the tax law. the Tax system You should reward work, savings, and upward movement – not to punish them.

This means reducing the number of brackets, reducing all personal income tax rates, and ensuring more families are kept than they earn by increasing the standard discount. The American worker has long been late for an increase – not from a government bulletin, but it is allowed to maintain more salary.

The American people deserve the tax law that works for them, not against them.

After that, we must reduce the capital profit tax to 15 %. Investment pays innovation, creating jobs, and retirement security.

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However, under the current law, investors face punitive taxes on the gains – the formation of falling capital and harm entrepreneurs who need to lead the next generation of American success. 15 % capital profits are not only supportive of investors-it is supportive of growth, supportive of workers, and America. It also has a beautiful benefit is to increase more revenues.

Most likely, Congress must reduce corporate tax rate to 15 % in the world. In this critical turn, with uncertainty in the markets and global uncertainty, the reduction of companies will serve as absorption of economic shocks.

This will encourage investment here at home, protect American jobs, and help in facing inflationary pressures resulting from the Biden and Mismanage of Financial Management. Simply put, if we want American companies to lead in a competitive world, we must give them the tools needed to do so.

Low corporate taxes are not only related to Wall Street – they are around the main street. It allows small companies to expand, employ wages.

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They give American manufacturers The ability to compete with foreign competitors. They keep jobs in America instead of shipping them abroad.

In 2017, Trump’s tax cuts launched a wave of economic growth that raised each income group, narrowed racist income gaps, and brought standard job opportunities. Now it is the time to double the bottom. Trump tax discounts 2.0 The next step is to restore American prosperity. Congress must pass it – boldly, without delay.

The basis of economic freedom, limited government and low taxes are not just a theory – it is a formula installed on prosperity. Congress must be behaved now. Delay is defeat. The rapid traffic of the Trump tax plan is not just a smart policy – it is an economic necessity.

The American people deserve a Tax law This works for them, not against them. Let’s give them that – and more. The future of our economy – and the power of the American dream – depends on it.

Steve Forbes is the chairman and editor -in -chief of Forbes Media, J