From @WSJopinion: The U.S. economy has suffered a poor growth record in the 21st century. Placing a renewed focus on saving, investment, innovation and business creation can reverse this decline, write @RepKevinBrady and @djheakin. https://t.co/zhgE8vezGs
From @Comm4Prosperity: Wealthy pay more of income tax burden after 2017 tax reform #TCJA.
Top 1% taxpayers share of total income taxes paid grows a whopping 22.7% to 45.8% from 2016-21.
Bottom 50% taxpayers share shrinks 23% to 2.3%.
TCJA: tax code MORE progressive.
A reduced tax rate wasn’t a “giveaway” to large firms. It set off an economic boom and increased wages, write @RepKevinBrady and @djheakin
https://t.co/iZcCuZZikN
Great read.
Pulls the curtain back on so-called Medicare drug “negotiation”…and its impact on patients.
Setting the Record Straight https://t.co/WACMM3nhMo
Proud to serve as hon.chair for #TheWoodlandsKiwanis 37th Annual Special Olympics Games this weekend.
250 inspiring athletes & coaches + 400 volunteers!
Thru power of sports, athletes discover new strengths, abilities, skills & success. Pure joy & confidence - on & off field.
@RepGregSteube Awesome news! Know it’s been a tough recovery - but great family support, dedicated health pros & tons of prayers are a great recipe for recovery.
Glad you’re back…to Ways & Means Committee!
TRUTH: U.S. has one of most progressive income tax codes in world. Top 1% shoulder 42% of income taxes paid.
Debunks liberal claims that wealthy don’t pay “fair share.” https://t.co/aYhUT3rXOl
Thx @ylanmui for your professional, fair & well-researched coverage of all things economic, including tax policy on Capitol Hill.
Hope your net adventure is a great one!
Some personal news --
Today is my last day at @CNBC. I'm so grateful to my amazing colleagues for teaching me the ropes of TV and for their support and friendship over the past six years.
It's been a great run, but I'm ready for a new adventure.
SECURE 2.0 will benefit retirees by:
✅Helping employees save for retirement earlier
✅Incentivizing small employers to offer retirement plans
✅Helping late career workers in saving for retirement
✅Providing Americans greater flexibility to keep more of their savings for longer
The ingenuity of @NormanEBorlaug, father of the Green Revolution, is credited with feeding the world.
Ingenuity of U.S. technology will address climate change w/out energy poverty or killing off traditional energy jobs as #GreenNewDeal demands. https://t.co/Aw0fceCxhi
“Employers getting hit with tax increases even as risk of recession rises” thx to #Biden#Democrats so-called Inflation Reduction Act.
“This won’t help economy that needs more supply-side investment to counter higher interest rates.”
American companies are getting hit in 2023 with a variety of tax increases even as the risk of recession rises along with interest rates.
https://t.co/R6NgyiWfLO
Enjoyed visiting w/@GillianHTurner to discuss danger of new political weapon in Congress to target political enemies, House Speaker race, Rep-elect Santos, GOP tax cuts transforming working families…and more.
After 50 years banned, the “enemies list” is back in DC.
My biggest worry is this dangerous new political weapon will target & destroy private citizens who land on that list.
And yes - thx to Jan 6 panel precedent of subpoenaing members of Congress - lawmakers at risk too.
“Congress has never before released a private citizen’s tax information. It won’t be hard for partisans (in either party) to justify seizing & releasing anyone’s returns.”
House Democrats’ release of Donald Trump’s taxes is a violation of taxpayer privacy with no legislative purpose, and it could open an ugly new battlefield in American politics.
https://t.co/AQrfnpBu5d
Three years after pandemic, the Democratic “Capitol lockdown” ends. Finally.
@GOPLeader: “Opening the House is more than just a symbolic measure — a government of the people, by the people, for the people, requires interaction with the people.”
https://t.co/tDbGDkO98t