Gross Calls on Congress to Prevent Massive Tax Increase
COLUMBUS—State Rep. Jennifer Gross (R-West Chester) today made the following statement calling on Congress to renew the Tax Cuts and Jobs Act of 2017, to prevent massive tax increases.
"The Tax Cuts and Jobs Act of 2017 fueled economic growth, providing real tax relief to over 100 million Americans, especially middle and working-class families here in Ohio,” said Gross. “If these provisions are allowed to expire, it would lead to a significant tax increase on hardworking Americans at a time when every dollar saved counts. Extending these tax cuts is essential for safeguarding our economic progress and ensuring that America remains competitive on the global stage. I urge Congress to do right by its citizens and renew the Tax Cuts and Jobs Act of 2017."
The Tax Cuts and Jobs Act of 2017, which brought substantial tax relief to over 100 million Americans and spurred significant economic growth, is set to expire on December 31, 2025. Key provisions of the Act include reductions in personal income tax rates, an increased standard deduction, and a reduced Alternative Minimum Tax (AMT). If these provisions are not extended, as a nation we run the risk of tax increases on hardworking Americans, a shrinking federal tax base, and a decline in U.S. competitiveness. The continuation of these tax cuts is essential for maintaining economic momentum, protecting taxpayers, and keeping the country globally competitive.