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Sunday, April 13, 2025

Hyde-Smith urges Congress to extend expiring tax cuts from 2017 Tax Cuts and Jobs Act

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Senator Cindy Hyde-Smith, US Senator for Mississippi | Senator Cindy Hyde-Smith official website

Senator Cindy Hyde-Smith, US Senator for Mississippi | Senator Cindy Hyde-Smith official website

U.S. Senator Cindy Hyde-Smith from Mississippi has called for the extension of the 2017 Tax Cuts and Jobs Act. She expressed concern that without action, taxes for families and workers could rise in 2026. Her call came after the Senate and House approved a FY2025 Budget Resolution, enabling a fast track of such priorities.

Hyde-Smith emphasized the positive impact of the tax cuts on Mississippians. "We've seen firsthand how the Tax Cuts and Jobs Act has benefited Mississippians. Families have kept more of their hard-earned money. Small businesses have expanded and hired more workers. Farmers have invested in new equipment and technology to stay competitive," she noted.

She warned that inaction would result in higher taxes: "Failing to act would mean a $4.5-trillion-dollar tax increase on American families and businesses at the end of the year. Everyone will pay."

Addressing criticism of the tax cuts, Hyde-Smith stated, "The other side loves to claim that the Tax Cuts and Jobs Act only benefits the ultra-wealthy. But let me be clear—most Mississippians aren’t billionaires. They’re hardworking people running small businesses, raising families, working hard every single day to make ends meet. For them, the extended Child Tax Credit has helped with basics like food and school supplies. The 20 percent pass-through deduction has helped keep family-owned shops and farms afloat."

She urged consideration of the impact on ordinary citizens, adding, "Next time you hear these tax cuts labeled as 'for the rich,' think about your neighbor who runs a small business or your friends with children. How would they fare if Congress doesn’t act?"

The resolutions are part of broader efforts by Republicans to cut taxes, secure borders, strengthen the military, and enhance U.S. energy production over the next decade.

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