Donald Trump with Elon Musk, Tulsi Gabbard, RFK Jr, Mike Johnson, Vivek Ramaswamy, Donald Trump Jr, Dana White, and Kid Rock. Office of Speaker Mike Johnson. 16 November 2024.
Delivering on Promises
In what he calls “giving credit where credit is due,” James Freeman reports in the WSJ:
Speaker Mike Johnson deserves full marks for a Tuesday House vote approving “one big, beautiful” budget framework for Trump’s first-year priorities. Despite media meddling, Democratic resistance and a handful of holdout GOP malcontents, Johnson held the major factions of his slim majority together to squeeze through a 217-215 victory.
“Well done,“ Mr. Freeman praises Speaker Johnson.
This is a major step toward preventing enormous tax hikes scheduled to begin at the end of this year, with the expiration of various provisions of the 2017 Trump tax reform. Avoiding incentive-killing income tax increases is the key to the U.S. growth strategy and essential given the likely economic cost of Trump tariff policies.
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