Americans for Prosperity (AFP), a conservative political action committee backed by Charles Koch, has launched a $20 million advertising blitz to support President-elect Trump's Tax Cuts and Jobs Act (TCJA). announced that it would start.
According to AFP news agency in a statement On Monday, the administration announced in a nationwide advertising campaign that President Trump's $4.5 trillion tax plan would “protect and renew prosperity,” and said it was “uniting to tell Washington that now is not the time to raise taxes.” We are calling on Americans to do the same.”
The group will use its grassroots resources to “ensure that pro-growth tax reform is a top priority in Congress,” the group said in a statement.
The group noted that this is the largest effort by conservative groups to support the president-elect's second-term congressional agenda. AFP is a conservative political advocacy organization funded by Charles Koch, chairman of Koch Inc.
In the past two years, AFP and AFP Action have reached out to nearly 30 million voters, it said in a statement.
“AFP is excited to work with President Trump and Congressional leaders to support the TCJA, the most pro-growth and landmark tax reform in U.S. history,” AFP President and CEO Emily Seidel said in a statement. “I'm proud of the TCJA, which has provided many benefits to hardworking Americans.” Relief was needed. ”
The TCJA, enacted in 2017 under the Trump administration, provided significant permanent tax cuts for corporate and business taxes, as well as temporary tax cuts for personal taxes, in order to limit the impact of the bill's widening budget deficit.
Parts of the law expire at the end of this year, leaving Republicans to work to lock in or extend the budget that could not be finalized in 2017 due to the Senate's budget reconciliation rules.
But Senate Republicans are increasingly worried that several major hurdles could derail the House.
Many conservatives want their proposals to reduce the budget deficit, or at least not increase it. President Trump's tax policies are likely to widen the budget deficit even further, and it will be difficult to offset the costs without losing Republican votes.
Some Republican lawmakers have also advocated significantly increasing the cap on state and local tax (SALT) deductions, a costly proposal.
