Economists

On Thursday, a group of more than 300 economists sent a message to the president Donald Trump Republican leaders in Congress urge to pass the Republican Party Tax Package to prevent the 2017 tax cuts and a $ 4 -trillion dollar tax increase they say will harm the economy.

The message was led by Stephen Moore, an economist and co -founder of success now, and emphasized the extension Decreased On individuals and small companies in the package. In addition, the simplification of the tax law, which is the rulings that expire at the end of the year, will actually raise taxes on millions of Americans.

“We have attracted more than 300 economists, respected economists from some major universities, business leaders from all over the country, and they all agreed that it would be good for the economy, good business, and good for American workers if we make a permanent Trump tax discounts,” Moore told Fox in an interview.

“This was really allocated, mainly, the idea of ​​making sure that the tax cuts issued in 2017 do not disappear on the first of January, because if Congress does not behave, we look at the largest tax increase ever,” he said.

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The letter said that some critics of the draft law criticized the 2017 tax cuts in the first place, as they benefited from the richest Americans in the first place, but they have already contributed to a greater share of tax revenues after the reforms.

“Despite all the talk about tax cuts to the highest 1 %, millionaires and billionaires, and it turned out that the income tax share paid by millionaires and billionaires has already increased. In other words, their share of federal income tax moved from 42 % to about 45 % From the total. “Most Americans do not realize that the richest 1 % pay nearly half of the income tax, so we have a very progressive system.”

“In terms of percentage, the middle class got the largest decrease in its tax payments, not the rich. This is just a lie, and the left ignores the facts when they expel these single tanks.”

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Moore also pointed to the importance of the provisions of tax cuts at the end of the authority Small companiesHe said he plays a major role in operating the American economy.

Small companies – men and women who run companies ranging from 10 to 100 employees – they are The backbone of the economy. They have obtained a major tax reduction on their business income … and this really helps small companies on the prevailing and expand their operations. ”

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Moore also pointed out that the 2017 tax discounts and jobs law raised the standard discount, which reduced the need for some taxpayers to detail their discounts and “significantly simplify the tax law.”

“Today in America, only 9 %, or one of 11 tax beneficiaries must separate discounts. This has made this tax system simpler. In other words, instead of having to maintain receipts shoe boxes for your mortgage payments, your municipal bonds and charitable giving, you can just select one square and try the opponent.”

“If we do not expand Trump’s tax cuts, everyone will have to return to the details of the rivalries, which is a large headache.”

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The message does not address other elements of the package, such as Trump’s proposals to end taxes on advice, additional work wages, or spending discounts.

Billionaire Elon MuskThe former leader of the Ministry of Governmental efficiency and some conservative Republicans in Congress criticized the expected draft law, which estimates the Congress Budget Office of $ 2.4 trillion over a decade.

“I think, on balance, I think this is a good invoice. It is not a great invoice. It’s a good invoice that you must pass,” said Moore. “I want to remember people that if it does not happen, we are talking about a tax increase of $ 4 trillion next year, which will be devastating to American companies and families. So you should accomplish.”

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“The first step is to ensure that we have a healthy economy, and we will not have a healthy economy if we have a tax increase of $ 4 trillion,” he said.