Koch-Backed Group Launches $20M Campaign to Extend Trump Tax Cuts
Americans for Prosperity ramps up efforts to preserve the 2017 tax law, citing benefits for growth despite criticism of its impact on inequality.
- Americans for Prosperity (AFP), a conservative group funded by Charles Koch, announced a $20 million nationwide campaign to promote the extension of the 2017 Trump Tax Cuts and Jobs Act (TCJA).
- The campaign includes ad blitzes, grassroots outreach, and meetings with lawmakers to prioritize extending the tax provisions set to expire at the end of 2025.
- Proponents argue the tax cuts are essential for economic growth and preventing tax increases for millions of Americans, with AFP claiming families could face $1,500 more in taxes if the cuts expire.
- Critics, including progressive organizations, contend the 2017 tax law disproportionately benefits the wealthy and corporations while risking cuts to social programs like Medicaid and SNAP to offset costs.
- The push to renew the tax cuts faces challenges within the GOP, as some Republicans express concerns about the deficit and propose raising the cap on state and local tax deductions.