During my state in Congress, I noticed a fundamental fact about American democracy – when the Americans vote for change, voting because of their conservatives. It is simply.

The control pattern of commitment through three consecutive presidential sessions confirms this reality. The Americans have repeatedly rejected the sitting departments not because of the ideology or partisan loyalty, but because of their living economic experience. Forget Dow. When voters feel the picker in the grocery store or the gas pump, they are calling for change.

The public has now gave a second chance to the Trump Republic administration, which had messages in its campaign to build a stronger and more prosperous economy with voters.

Trump will need to be essentially strengthening the economy if he and the Republicans want to preserve power. The upcoming confrontation on the renewal of tax cuts in Trump 2017 provides an opportunity for stimulus provisions to charge two main pillars of the economy: small companies and housing.

Research and development expenses retrospect

Over the past three years, the tax and tax jobs law, or TCJA, has increased the taxes on many small companies through large margins, specifically companies that make improvements in their products or experience roads to be more efficient.

This is because under Article 174 of the law, companies are forced to extinguish some technical expenses over several years instead of all discount them once. For example, if you designed a product update, you can usually get a 100 % discount for all costs associated with this update. Under TCJA, you will pay a tax on 90 % of these costs in the first year instead.

Although it may seem to be a technical tax problem, the fact is that there are tens of thousands of companies throughout the country witnessing anywhere in 300 % in taxes to explicit bankruptcy. The smaller companies are Feeling pain moreBecause they do not have capital reserves to survive.

A small manufacturer of steel, which I know, moved from paying $ 35,000 from taxes to $ 1.3 million, only because they were working engineers. This was not the intended policy. To add an insult to the injury, China offers a discount 20 times from the United States For the same expenses.

Fixing Section 174 will be retroactively the huge motivation package for small companies. Reform contains widespread support from the two parties (previous solution, Human Resources 7024, Parliament passed 357 votes to 70) But the current legislation only works to reform it on the basis of progress, which means only from January 2025. Tens of billions of dollars.

More importantly, for Trump, the money will be available to American companies in 2025 a long time before mid -time, and he will love him to a decisive segment of voters who pray this is fixed.

Fighting inflation with low -income housing

I learned in Congress that the high economy does not coincide with the claimed housing market. Since the epidemic, we have seen the biggest increases in rents because we keep the records. Mortgage rates have started, but millions of American dreams still close. High costs of inflation through insurance, employment and supply lead to severe pressure on homeowners, real estate owners and the work of American families in almost every state.

When we say we have an inflation problem, what we really mean is that we have a problem with the cost of housing. The relative importance of housing costs within the Consumer Prices Index (CPI), which measures the change in the prices of goods and consumer services, 35 % share of all elements. The cost of shelter, including rent and mortgage payments, increased for 57 consecutive months. To put it in another way, then The shelter was excluded From the consumer price index, the total inflation was at a level or less than the target level by 2 % in 16 of 20 months.

Here, again, changes in tax policy can operate the transformation of housing costs, which reduces the bills of millions of families. Since 1986, Lihtc has been a reliable mechanism for stimulating economic growth during the construction of accessible homes at reasonable prices. Lihtc works by supporting low -income housing costs by allowing those who invest in qualified projects to obtain 9 % tax credit at the cost of construction. It gives decisions to the states, stimulates private capital and management, and does not depend on the large bureaucracy. The magnitude of this incentive has resulted in 4 million houses at 9,280,000 families over the past thirty years.

Republicans and Democrats put forward legislation to expand and enhance tax credit, which will enhance housing supply at a critical moment. Again, this is supported by an overwhelming majority by the two parties. A 12.5 % increase was included to customize the housing credit roof for each state, along with a set of other improvements, also in the above mentioned above HR 7024. If this change changes, it will almost lead to this 200,000 additional houses at reasonable prices During the next decade, what could have been possible.

The realization of Trump’s economic promise

Looking at the future, the success of the administration will be measured by its ability to translate politics into the results of the jeeps book for ordinary Americans. The opportunity window is clear but limited; While proposed employment initiatives and tax reforms provide a framework, their success depends entirely on implementation that affects the economies of the kitchen table.

With a clear authorization of change and comprehensive economic playing book, the Trump administration is now facing its distinguished challenge: creating an economy that provides concrete benefits in all sectors of American society. Defending these two rulings will tell the American people that Congress and President Trump cares about the real economy and the Americans who make it.

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2025-03-17 14:30:00