The Big Beautiful Bill provided tax relief for certain groups of people. A major portion of Social Security will not be taxed, tips will not be taxed and overtime pay will not be taxed. Those are targeted tax breaks given to the people who work hard (or have worked hard) and were hit hard by President Biden’s economic policies. Unfortunately, there are those in some states who really don’t care about helping those of us who work for a living.<\/p>\n
On Monday, The Daily Signal<\/a> reported:<\/p>\n The Trump\/GOP \u201cOne Big, Beautiful Tax Cut<\/a>\u201d includes no tax on tips, no tax on overtime, and a new tax-deduction for Social Security benefits. These promises helped Trump secure the White House and Republicans the U.S. House and Senate.<\/strong><\/p>\n The GOP\u2019s\u00a0huge\u00a0win in November 2024 gave Republicans a solid mandate to keep these promises. And they did.<\/strong><\/p>\n Nonetheless,\u00a0the\u00a0Democrat<\/a>-mismanaged states<\/a>\u00a0of Colorado, Illinois, Maine, and New York\u00a0<\/a>are\u00a0rigging their tax codes so that this Trump\/GOP tax relief does not reduce corresponding state levies. The same holds for Democrat-smothered\u00a0Washington, D.C.<\/a>, which will keep higher taxes on\u00a013 of the\u00a0GOP\u2019s 84 federal tax-cut provisions.<\/strong><\/p>\n Colorado\u2019s\u00a0House Bill 25-1296<\/a>, decoupled\u00a0its\u00a0state\u00a0taxes from these federal tax reductions. So, next April 15, factory workers will have to render unto Democrat Gov. Jared Polis the overtime pay break that Trump and Republicans let them\u00a0enjoy.<\/strong><\/p>\n Among other things, this requires taxpayers to keep two separate records of taxable income. What a mess.<\/p>\n The article notes:<\/p>\n So, at last, Republicans deliver concrete relief to the \u201caffordability crisis\u201d that has become the Democrats\u2019 latest obsession. The Trump\/GOP tax cuts will help Americans pay their bills, buy groceries, fill their gas tanks, and maybe even get out of town, to pursue happiness. What could be more wonderful?<\/strong><\/p>\n Rather than celebrate with everyday people, Democrats decrease taxpayers\u2019 additional income and diminish their economic security. For Democrats, making Americans poorer is a bargain compared to the bonanza of denying Trump and Republicans any credit for feeling and easing the people\u2019s pain.<\/strong><\/p>\n Anyone who votes Democrat at this point is simply not paying attention!<\/p>\n","protected":false},"excerpt":{"rendered":" The Big Beautiful Bill provided tax relief for certain groups of people. A major portion of Social Security will not be taxed, tips will not be taxed and overtime pay will not be taxed. Those are targeted tax breaks given … Continue reading