07/10/2025

Anti-tax Groups Beg Trump for Another Massive Cut

Just last week, the OBBBA gave the wealthy the largest tax cut in decades

Fresh off passage of the “One Big Beautiful Bill,” several conservative organizations and Republican lawmakers are preparing to ask President Donald Trump for another major tax cut — this time, potentially without congressional approval.

Trump’s tax and immigration law is projected to add more than $4 trillion to the national debt over the next 10 years, broadly reducing tax rates while cutting spending on Medicaid and clean energy subsidies. The legislation is the culmination of years of advocacy on the right, making permanent many of the 2017 tax cuts Trump approved during his first term, and it represents one of the most expensive new laws in decades.

With that victory newly secured, conservative groups — including Americans for Tax Reform, led by anti-tax crusader Grover Norquist — are already asking the Trump administration to get behind another cut, which would drastically reduce what investors pay on their capital gains.

Please select this link to read the complete article from The Washington Post.