House Ways & Means Committee Chairman Smith: 91% of Americans Could Lose Half of Their Guaranteed Deduction
December 14, 2024
December 14, 2024
WASHINGTON, Dec. 14 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
Any unnecessary delay in extending the 2017 Trump tax cuts heightens the risk that all Americans will see their taxes go up - including for the 91 percent of Americans who utilize the guaranteed deduction to lower and simplify their tax bill. Under the Trump tax cuts, Republicans doubled this tax deduction - making that option more attractive for mo . . .
Any unnecessary delay in extending the 2017 Trump tax cuts heightens the risk that all Americans will see their taxes go up - including for the 91 percent of Americans who utilize the guaranteed deduction to lower and simplify their tax bill. Under the Trump tax cuts, Republicans doubled this tax deduction - making that option more attractive for mo . . .