Latinos benefited from Trump's tax cuts. Here's why they should be extended
According to a recent poll, the number one concern for the Latino community is jobs and the economy.
Like most Americans, Latinos – including those here in Tennessee – are slowly crawling their way out of the pit that was Bidenomics. Years of overspending and over-regulating contributed to inflation and a high cost of living, making it seem like the American Dream was out of reach.
To the surprise of some (not us), many Latinos voted Republican in last year's presidential election to usher in a change in Washington.
The new administration has hit the ground running, prioritizing pro-growth economic policies like reducing government waste, fraud, and abuse. But considerable work remains.
Recently, the U.S. House of Representatives narrowly approved H.R. 1, better known as the Big Beautiful Bill—legislation that would, among other things, extend the 2017 Trump Tax Cuts, providing tax relief to middle-class Americans and job creators.
More: Trump's 'big, beautiful' bill passes House. Here's what's next for child tax credits, no tax on tips
One analysis concludes that if the Big Beautiful Bill is not signed into law, the average family will pay an average of $1,500 more in taxes next year!
Now the bill heads to the U.S. Senate for consideration, and every indication suggests that Tennessee's two senators, Marsha Blackburn and Bill Hagerty, will vote for this critical legislation to grow our economy.
But like most things, it won't be easy.
Besides policy disagreements among Republicans, Democrats are resorting to scare tactics and half-truths to portray this bill as a massive tax break for the rich.
In fact, the opposite is true.
Soon after President Trump signed the 2017 tax cuts into law, the economy grew. This boom benefited all Americans, but especially Latinos.
For example, in 2019, the Latino unemployment rate reached historic lows. Around the same time, Latino entrepreneurship and home ownership rates skyrocketed. Consumer confidence soared, and more and more Latinos felt like they were beginning to live out their version of the American Dream.
Then COVID hit, and the economy took a nosedive. A new administration promised to change this, but overspending contributed to debilitating inflation for the Latino community.
The Trump White House and Republicans in Congress desperately want to right this ship, but intraparty fighting threatens a tremendous opportunity to grow our economy.
It is going to take more than one bill to fix our economy, but Republicans must deliver for the American people and follow through on one of their biggest campaign promises.
Latinos voted in higher numbers for Republicans in last year's elections because they want to work and provide for their families. Just about everything else is secondary when there is not enough food on the table. And because Latinos have less disposable income than other Americans, inflation and a high cost of living are especially difficult.
Opinion: Trump gained Latino voters because Harris did not respond to top concerns
Democrats bet the barn in thinking that they could run the same playbook of scaremongering to win over Latino voters, but they were sharply repudiated come Election Day.
That's because Latinos, like most Americans, want results. Now that President Donald Trump is in the White House, the new administration can lay down an important cornerstone to his promise to Make America Great Again.
Latino voters in Tennessee, like elsewhere in the country, are eagerly watching and hoping the president is successful.
Raul Lopez is the founder and chairman of Latinos for Tennessee, and Rev. Tommy Vallejos is a co-founder and the executive director. Latinos for Tennessee is an organization committed to expanding faith, family and freedom for Tennessee's growing Latino community.
This article originally appeared on Nashville Tennessean: Why Trump's Big Beautiful Bill is a win for Latinos | Opinion
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