Tax Season 2025: Republicans Would Make Trump’s Disastrous MAGAnomics Tax Handouts for the Ultra-Rich Permanent

As the Republican Study Committee pushes a blueprint that would make permanent Trump’s MAGAnomics tax giveaways for the ultra-wealthy, DNC spokesperson Aida Ross released the following statement: 

“Voters already rejected Donald Trump’s tax scam that gave handouts to his ultra-rich friends while leaving working families behind, but Republicans haven’t learned their lesson. Now, Trump’s MAGA minions in Congress are pushing to make his disastrous tax giveaways for the ultra-wealthy permanent after helping billionaires pay less in taxes than working Americans for the first time in history. The choice in this election couldn’t be more clear, and the American people will reject Trump and the GOP’s out-of-touch MAGAnomics tax agenda that puts the wealthy over working families at the ballot box this November.”

The Republican Study Committe’s budget is following Trump’s lead as he pledges to make permanent his disastrous MAGAnomics tax giveaways for the ultra-rich and big corporations. 

Bloomberg: “The conservative Republican Study Committee is out with a 2025 budget proposal to extend individual and corporate breaks from the 2017 Trump’ tax law.”

Trump: “I will never let the Trump tax cuts … I will never let them be taken away.”

Trump: “You’re all people that have a lot of money. … You’re rich as hell. … We’re gonna give you tax cuts.”

Trump: “We will replace Biden’s tax hikes with the beautiful Trump tax cuts. You know, we have to extend the tax cuts.”

Trump on whether his second term tax policies would echo those of his first term: “Yes, and I’d do even more taxes.”

Washington Post: “The former president’s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law … Trump’s advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes … would primarily benefit large firms.”

Bloomberg: “[Trump] intends to center his economic plans on extending and deepening the Republican tax cuts from 2017.”

Vanity Fair: “Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report”

Politico: “On Tax Day, Trump tax cuts remain deeply unpopular”

During Trump’s first term, he gave massive handouts to the wealthy at the expense of working families. 

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

Economic Policy Institute: “The TCJA overwhelmingly benefited the rich and corporations while overlooking working families”

ProPublica: “In the first year after Trump signed the legislation, just 82 ultrawealthy households collectively walked away with more than $1 billion in total savings, an analysis of confidential tax records shows.”