Latest news with #TomTiffany
Yahoo
19-04-2025
- Business
- Yahoo
GOP push to make Trump's 2017 tax cuts permanent, say going back would be a ‘dramatic' change for many
Tax season is done. And this year, Congressional Republicans converted tax season to "sales" season. Republicans and President Donald Trump are pushing to approve a bill to reauthorize his 2017 tax cut package. Otherwise, those taxes expire later this year. "We absolutely have to make the tax cuts permanent," said Rep. Tom Tiffany, R-Wis., on FOX Business. "We've got to get the renewal of the President's Tax Cuts and Jobs Act. That's absolutely essential," said Sen. Mike Rounds, R-S.D., on FOX Business. Rates for nearly every American spike if Congress doesn't act within the next few months. Confidence In Democrats Hits All Time Low In New Poll Read On The Fox News App "We are trying to avoid tax increases on the most vulnerable populations in our country," said Rep. Beth Van Duyne, R-Texas, a member of the House Ways and Means Committee which determines tax policy. "I am trying to avoid a recession." If Congress stumbles, the non-partisan Tax Foundation estimates that a married couple with two children – earning $165,000 a year – is slapped with an extra $2,400 in taxes. A single parent with no kids making $75,000 annually could see a $1,700 upcharge on their tax bill. A single parent with two children bringing home $52,000 a year gets slapped with an additional $1,400 in taxes a year. "Pretty significant. That's an extra mortgage payment or extra rent payment," said Daniel Bunn of the non-partisan Tax Foundation. "People have been kind of used to living with the policies that are currently in law for almost eight years now. And the shift back to the policy that was prior to the 2017 tax cuts would be a dramatic tax increase for many." But technically, Republicans aren't cutting taxes. "As simple as I can make this bill. It is about keeping tax rates the same," said Sen. James Lankford, R-Oklahoma, on Fox. Congress had to write the 2017 tax reduction bill in a way so that the reductions would expire this year. That was for accounting purposes. Congress didn't have to count the tax cuts against the deficit thanks to some tricky number-crunching mechanisms – so long as they expired within a multi-year window. But the consequence was that taxes could climb if lawmakers failed to renew the old reductions. "It sunsets and so you just automatically go back to the tax levels prior to 2017," said Sen. Chuck Grassley, R-Iowa. A recent Fox News poll found that 45% of those surveyed – and 44% of independents believe the rich don't pay enough taxes. Democrats hope to turn outrage about the perceived tax disparity against Trump. "He wants his billionaire buddies to get an even bigger tax break. Is that disgraceful?" asked Senate Minority Leader Chuck Schumer, D-N.Y., at a rally in New York. "Disgrace!" shouted someone in the crowd. "Disgraceful! Disgraceful!" followed up Schumer. Some Republicans are now exploring raising rates on the wealthy or corporations. There's been chatter on Capitol Hill and in the administration about exploring an additional set of tax brackets. "I don't believe the president has made a determination on whether he supports it or not," said White House spokeswoman Karoline Leavitt. "We're going to see where the President is" on this, said Treasury Secretary Scott Bessent while traveling in Argentina. "Everything is on the table." A Treasury spokesperson then clarified Bessent's remarks. "What's off the table is a $4.4 trillion tax increase on the American people," said the spokesperson. "Additionally, corporate tax cuts will set off a manufacturing boom and rapidly grow the U.S. economy again." Top Congressional GOP leaders dismissed the idea. "I'm not a big fan of doing that," said House Speaker Mike Johnson on Fox. "I mean we're the Republican party and we're for tax reduction for everyone." Federal Judge Temporarily Restricts Doge Access To Personalized Social Security Data "I don't support that initiative," said House Majority Leader Steve Scalise, R-La., on FOX Business, before adding "everything's on the table." But if you're President Donald Trump and the GOP, consider the politics of creating a new corporate tax rate or hiking taxes on the well-to-do. The president has expanded the GOP base. Republicans are no longer the party of the "wealthy." Manual laborers, shop and storekeepers and small business persons now comprise Trump's GOP. So maintaining these tax cuts helps with that working-class core. Raising taxes on the wealthy would help Republicans pay for the tax cuts and reduce the hit on the deficit. And it would shield Republicans from the Democrats' argument that the tax cuts are for the rich. Congress is now in the middle of a two-week recess for Passover and Easter. GOP lawmakers and staff are working behind the scenes to actually write the bill. No one knows exactly what will be in the bill. Trump promised no taxes on tips for food service workers. There is also talk of no taxes on overtime. White House Photo Bluntly Shows Where Parties Stand On Immigration Amid Abrego Garcia Deportation Republicans from high-tax states like New York and Pennsylvania want to see a reduction of "SALT." That's where taxpayers can write off "state and local taxes." This provision is crucial to secure the support of Republicans like Reps. Nicole Malliotakis, R-N.Y., and Mike Lawler, R-N.Y. But including the SALT reduction also increases the deficit. So what will the bill look like? "Minor adjustments within that are naturally on the table," said Rounds. "The key though, [is] 218 in the House and 51 in the Senate." In other words, it's about the math. Republicans need to develop the right legislative brew which commands just the right amount of votes in both chambers to pass. That could mean including certain provisions – or dumping others. It's challenging. Especially with the slim House majority. "There were trade-offs and offsets within that bill that many people are dissatisfied with," said Bunn of the 2017 bill. "And it's not clear how the package is going to come together with those various trade-offs." Johnson wants the bill complete by Memorial Day. Republicans know this enterprise can't drag on too late into the year. Taxpayers would see a tax increase – even if it's temporary – if working out the bill stretches into the fall when the IRS begins to prepare for the next tax season. It's also thought that finishing this sooner rather than later would provide some stability to the volatile stock markets. Establishing tax policy for next year would calm anxieties about the nation's economic outlook. "The big, beautiful bill," Trump calls it, adding he wants the legislation done "soon." And that's why tax season is now sales season. Both to the lawmakers. And to the article source: GOP push to make Trump's 2017 tax cuts permanent, say going back would be a 'dramatic' change for many
Fox News
19-04-2025
- Business
- Fox News
GOP push to make Trump's 2017 tax cuts permanent, say going back would be a ‘dramatic' change for many
Tax season is done. And this year, Congressional Republicans converted tax season to "sales" season. Republicans and President Donald Trump are pushing to approve a bill to reauthorize his 2017 tax cut package. Otherwise, those taxes expire later this year. "We absolutely have to make the tax cuts permanent," said Rep. Tom Tiffany, R-Wis., on FOX Business. "We've got to get the renewal of the President's Tax Cuts and Jobs Act. That's absolutely essential," said Sen. Mike Rounds, R-S.D., on FOX Business. Rates for nearly every American spike if Congress doesn't act within the next few months. "We are trying to avoid tax increases on the most vulnerable populations in our country," said Rep. Beth Van Duyne, R-Texas, a member of the House Ways and Means Committee which determines tax policy. "I am trying to avoid a recession." If Congress stumbles, the non-partisan Tax Foundation estimates that a married couple with two children – earning $165,000 a year – is slapped with an extra $2,400 in taxes. A single parent with no kids making $75,000 annually could see a $1,700 upcharge on their tax bill. A single parent with two children bringing home $52,000 a year gets slapped with an additional $1,400 in taxes a year. "Pretty significant. That's an extra mortgage payment or extra rent payment," said Daniel Bunn of the non-partisan Tax Foundation. "People have been kind of used to living with the policies that are currently in law for almost eight years now. And the shift back to the policy that was prior to the 2017 tax cuts would be a dramatic tax increase for many." But technically, Republicans aren't cutting taxes. "As simple as I can make this bill. It is about keeping tax rates the same," said Sen. James Lankford, R-Oklahoma, on Fox. Congress had to write the 2017 tax reduction bill in a way so that the reductions would expire this year. That was for accounting purposes. Congress didn't have to count the tax cuts against the deficit thanks to some tricky number-crunching mechanisms – so long as they expired within a multi-year window. But the consequence was that taxes could climb if lawmakers failed to renew the old reductions. "It sunsets and so you just automatically go back to the tax levels prior to 2017," said Sen. Chuck Grassley, R-Iowa. A recent Fox News poll found that 45% of those surveyed – and 44% of independents believe the rich don't pay enough taxes. Democrats hope to turn outrage about the perceived tax disparity against Trump. "He wants his billionaire buddies to get an even bigger tax break. Is that disgraceful?" asked Senate Minority Leader Chuck Schumer, D-N.Y., at a rally in New York. "Disgrace!" shouted someone in the crowd. "Disgraceful! Disgraceful!" followed up Schumer. Some Republicans are now exploring raising rates on the wealthy or corporations. There's been chatter on Capitol Hill and in the administration about exploring an additional set of tax brackets. "I don't believe the president has made a determination on whether he supports it or not," said White House spokeswoman Karoline Leavitt. "We're going to see where the President is" on this, said Treasury Secretary Scott Bessent while traveling in Argentina. "Everything is on the table." A Treasury spokesperson then clarified Bessent's remarks. "What's off the table is a $4.4 trillion tax increase on the American people," said the spokesperson. "Additionally, corporate tax cuts will set off a manufacturing boom and rapidly grow the U.S. economy again." Top Congressional GOP leaders dismissed the idea. "I'm not a big fan of doing that," said House Speaker Mike Johnson on Fox. "I mean we're the Republican party and we're for tax reduction for everyone." "I don't support that initiative," said House Majority Leader Steve Scalise, R-La., on FOX Business, before adding "everything's on the table." But if you're President Donald Trump and the GOP, consider the politics of creating a new corporate tax rate or hiking taxes on the well-to-do. The president has expanded the GOP base. Republicans are no longer the party of the "wealthy." Manual laborers, shop and storekeepers and small business persons now comprise Trump's GOP. So maintaining these tax cuts helps with that working-class core. Raising taxes on the wealthy would help Republicans pay for the tax cuts and reduce the hit on the deficit. And it would shield Republicans from the Democrats' argument that the tax cuts are for the rich. Congress is now in the middle of a two-week recess for Passover and Easter. GOP lawmakers and staff are working behind the scenes to actually write the bill. No one knows exactly what will be in the bill. Trump promised no taxes on tips for food service workers. There is also talk of no taxes on overtime. Republicans from high-tax states like New York and Pennsylvania want to see a reduction of "SALT." That's where taxpayers can write off "state and local taxes." This provision is crucial to secure the support of Republicans like Reps. Nicole Malliotakis, R-N.Y., and Mike Lawler, R-N.Y. But including the SALT reduction also increases the deficit. So what will the bill look like? "Minor adjustments within that are naturally on the table," said Rounds. "The key though, [is] 218 in the House and 51 in the Senate." In other words, it's about the math. Republicans need to develop the right legislative brew which commands just the right amount of votes in both chambers to pass. That could mean including certain provisions – or dumping others. It's challenging. Especially with the slim House majority. "There were trade-offs and offsets within that bill that many people are dissatisfied with," said Bunn of the 2017 bill. "And it's not clear how the package is going to come together with those various trade-offs." Johnson wants the bill complete by Memorial Day. Republicans know this enterprise can't drag on too late into the year. Taxpayers would see a tax increase – even if it's temporary – if working out the bill stretches into the fall when the IRS begins to prepare for the next tax season. It's also thought that finishing this sooner rather than later would provide some stability to the volatile stock markets. Establishing tax policy for next year would calm anxieties about the nation's economic outlook. "The big, beautiful bill," Trump calls it, adding he wants the legislation done "soon." And that's why tax season is now sales season. Both to the lawmakers. And to the public.
Yahoo
11-04-2025
- Politics
- Yahoo
Bill to delist wolves advances in U.S. House
CHIPPEWA FALLS — A bill that would delist wolves from the Endangered Species Act is moving forward in Congress after it passed through a key committee in the U.S. House. The bill, sponsored by U.S. Rep. Tom Tiffany, R-Minosqua, gained approval in the House Natural Resources Committee. Tiffany introduced a similar measure last year, but Tiffany previously told the Leader-Telegram he's more confident it will pass this time around, now that Republicans control the House, Senate and presidency. The bill is dubbed the 'Pet and Livestock Protection Act' and will now head to the full U.S. House for a vote. Tiffany wrote in a press release that he's excited about clearing this first hurdle. 'The damage to pets, livestock, and wildlife from an unmanaged wolf population can no longer be ignored,' Tiffany wrote Wednesday night. 'The gray wolf has exceeded federal and state recovery goals, with over 1,000 wolves now thriving in Wisconsin. It's time to take the next step, delist them, and let the people closest to the gray wolf manage their population levels.' U.S. Rep. Lauren Boebert, R-Colorado, is a co-sponsor of the legislation. 'The science has been very clear on this topic for years: gray wolves are fully recovered and their comeback should be touted as a success story,' Boebert wrote. 'Now it's time we encourage states to set their own guidelines and allow ranchers, farmers, and landowners to protect their livelihoods. I look forward to voting for this bill on the House floor and ultimately getting it to President Trump for his signature.' The Pet and Livestock Protection Act requires the Secretary of the Interior to reissue the 2020 Department of the Interior final rule that delisted gray wolves in the lower 48 United States. It also ensures this rule cannot be overturned through judicial review, preventing activist judges, like the California judge who vacated the rule in 2022, from relisting the gray wolf by judicial fiat, the press release states. With more than 6,000 wolves at the time of delisting, 'the gray wolf has been the latest Endangered Species Act (ESA) success story with significant population recoveries in the Rocky Mountains and western Great Lakes regions,' the press release reads. However, a California judge overturned the rule in 2022 and relisted the gray wolf. Meanwhile, the wolf population in Wisconsin has increased each of the past three years. There have been numerous gray wolf attacks in Wisconsin's Seventh District over the last few years, the press release states. A total of 30 House members are co-sponsors of the bill, including Rep. Derrick Van Orden, R-Prairie du Chien, and the other four Republican congressmen from Wisconsin. Supporters of the measure include the American Farm Bureau Federation, National Cattlemen's Beef Association (NCBA), Public Lands Council (PLC), National Rifle Association (NRA), Safari Club International (SCI), Hunter Nation, International Order of T. Roosevelt (IOTR), Congressional Sportsmen's Foundation, Mule Deer Foundation, Blacktail Deer Foundation, Wisconsin Farm Bureau Federation, Wisconsin Cattlemen's Association, and Wisconsin Bear Hunters Association. Last year, four Democrats joined 205 Republicans in voting for it, but the measure stalled in the Senate, which was under Democratic control at the time.
Yahoo
08-04-2025
- Politics
- Yahoo
Hunter Nation Praises Senators Johnson, Lee and Barrasso for Introduction of Bill to Delist Gray Wolf from Endangered Species Act
Grassroots Hunting group urges Congress to pass legislation that returns control of recovered species back to states. MISSION, Kan., April 8, 2025 /PRNewswire/ -- Hunter Nation, the leading grassroots organization for America's hunters, thanks US Senators Ron Johnson of Wisconsin, Mike Lee of Utah and John Barrasso of Wyoming for standing up for American Hunters, farmers, ranchers and pet owners by introducing a bill in the United States Senate to delist the Gray Wolf from the Endangered Species Act (ESA) with no judicial review, and return management of the fully recovered species back to the states. The Senate Bill filed on Friday, April 4th, 2025 is identical to the "Pet and Livestock Protection Act of 2025" (H.R. 845) that was introduced in the United States House of Representative in January 2025 by WI Congressman Tom Tiffany and CO Congresswoman Lauren Boebert. "On behalf of the American Hunter, thank you Senator Johnson and Senators Lee and Barrasso for taking this much needed action to return management of the gray wolf to each state, without judicial review," stated Keith Mark the Founder and President of Hunter Nation. "The gray wolf is a conservation success story and the time has come to celebrate that. This legislation does just that by returning management of the wolf to each impacted state and it will also prevent activist, anti-hunting judges from using the courts to prevent science based management of this recovered animal," added Mark. "This is a needed change to the Endangered Species Act and will be a generational benefit to hunting and hunters, stated Rock Bordelon, Chairman of the Hunter Nation Board of Directors. "Hunter Nation is committed to getting this important legislation passed and implemented into law," concluded Bordelon. "I'm fully committed to getting the science-based Pet and Livestock Protection Act signed into law to protect rural communities," stated Wisconsin Congressman Tom Tiffany. "The gray wolf has fully recovered, and without proper management, it's destroying Wisconsin's deer population and slaughtering pets and livestock across our state. I appreciate Hunter Nation's strong support and thank them for leading the charge to delist the gray wolf nationwide." At a recent Congressional hearing in Washington DC, where the merits of delisting the gray wolf were being debated, Hunter Nation member, biologist and wildlife management expert, Dr. Nathan M. Roberts, testified and laid out these undeniable facts: In the Great Lakes region alone, there are an estimated 4,000 to 5,000 wolves, a population level more than ten times the original recovery goal. Recovery goals have been surpassed every year since at least 1994, yet the wolf remains listed, tying the hands of state wildlife managers. Scientific studies, including work by Adams et al. (2008), show that harvest rates of up to 29% of a state's wolf population will have no negative impact on wolf population trajectories. It's Time for Congress to Act Hunter Nation is calling on the US Senate and the US House to pass the Senate bill introduced by Johnson, Lee and Barrasso and pass H.R. 845 and other common-sense reforms to the ESA that restore management power to the states. We stand with America's hunters, ranchers, and state wildlife managers who know firsthand that local control works. Hunter Nation remains committed to holding Congress accountable and ensuring that common sense and science, not radical activism, drive America's wildlife management policies. Hunter Nation is America's leading grassroots organization advocating for the rights of hunters and the responsible management of wildlife. We fight for the freedom to hunt and fish, and we champion science-based wildlife management policies. View original content to download multimedia: SOURCE Hunter Nation Sign in to access your portfolio
Yahoo
21-03-2025
- Politics
- Yahoo
Protesters show up outside Congressman Tiffany's office to ask why he isn't holding public events
WAUSAU, Wis. (WLAX/WEUX) – Meanwhile, dozens of people lined up outside Congressman Tom Tiffany's office in Wausau. They say they're not being heard. Tiffany hasn't held a public gathering since the end of January. GOP leadership has told their members to not have in-person town halls for fear of angry constituents. Earlier in the week, Tiffany was at a private event in Wausau centered around transgender athletes. Nacy Stencil, of Wausau, explains, 'We want a town hall with Tom Tiffany, also. Congress is on recess right now.' Doug Schultz, from Sayner, added, 'What we most want is for him to understand and hear our concerns.' Scott Wallace, from Tomahawk, said, 'How is eliminating 60,000 positions at the VA gonna give all the veterans the medical and emotional care and financial support that they earned?' In response, Tiffany is thanking people for stopping by his office to share their opinions. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
