Legislation to make tax cuts permanent for middle class families and small businesses is a priority heading into the midterm elections, as the first round has been successful, House Ways and Means Committee Chairman Kevin Brady said Friday.
"Why wouldn't we make tax cuts for middle class families in small businesses permanent?" the Texas Republican told Fox Business' "Mornings With Maria." "Why wouldn't we go further to continue to improve? We can help families save more earlier throughout lives, help start-up businesses grow innovate in the United States...it is family friendly and pro-growth."
Meanwhile, the economy is strong and even while there may be a surge as families and businesses in the path of Hurricane Florence recover, "it is able to handle these types of national disasters," Brady added.
There are skeptics who say now is not the time for more tax cuts, particularly as the economy is doing well, he agreed, but Democrats "frankly just believe it is their money, not yours," and they become "deficit hawks."
A drastically better economy generates more revenues and jobs, said Brady, the tax cuts are "critically important if you care about jobs, opportunity, and higher paychecks."
The next budget deadline is on Oct. 1, and Brady said he thinks there is a great deal of common ground to be found, especially as the elections near.
"Do Americans want to go back to the bad old days of higher taxes, slow growth, our U.S. jobs going overseas, or do you want to continue the momentum and growth and opportunity we're seeing today that was absent during all the Obama years?" said Brady.
Sandy Fitzgerald has more than three decades in journalism and serves as a general assignment writer for Newsmax covering news, media, and politics.
© 2023 Newsmax. All rights reserved.