Pence STABS Trump In The BACK!

Former Vice President Mike Pence is warning his former boss, Donald Trump, that allowing tax cuts for wealthy Americans to expire could deliver a crushing blow to small businesses nationwide.

At a Glance

• Mike Pence is urging the preservation of the 2017 Tax Cuts and Jobs Act, which is set to expire without Congressional action
• Pence warns that raising the top tax rate from 37% to 39.6% for high earners would heavily impact small business owners
• Trump and some Republicans are considering letting tax cuts for wealthy Americans expire to fund other priorities
• The former VP advocates making all Trump-Pence tax cuts permanent to support economic growth
• Pence emphasizes conservative principles including less government, lower taxes, and traditional values

Defending Small Business Against Tax Increases

Mike Pence is taking a firm stand against any potential tax increases on wealthy Americans, arguing that such changes would primarily harm small business owners. In recent comments to Fox News Digital, the former Vice President made his position clear as discussions continue within Republican circles about the future of the 2017 Tax Cuts and Jobs Act, a signature achievement of the Trump administration that will expire without Congressional action.

The potential tax policy shift comes as former President Trump and some Republican lawmakers contemplate allowing tax cuts for high-income earners to expire as a means of funding other priorities. Specifically, discussions have centered around increasing the tax rate for individuals earning $2.5 million or more annually from the current 37% to 39.6%. This proposal has created a rift among fiscal conservatives who have traditionally advocated for lower taxes across all income brackets.

The Impact on Small Business Owners

Pence’s primary concern revolves around how these tax changes would affect small businesses throughout America. Many small business owners file their business income through their personal tax returns, meaning that increases to the top marginal tax rate directly impact their ability to reinvest in their companies, hire additional employees, and expand operations. This connection between personal tax rates and business growth forms the foundation of Pence’s opposition to the proposed changes.

“Any suggestion that I’ve heard among some in and around the administration that we raise the top margin rate, the so-called millionaires tax, would be an enormous tax increase on small business owners across America. It needs to be opposed.”, Pence said.

Small businesses represent a crucial segment of the American economy, employing millions of workers and driving economic growth in communities across the country. According to Pence’s perspective, placing additional tax burdens on these business owners could stifle entrepreneurship, hamper job creation, and ultimately slow economic expansion at a time when many Americans are already facing financial challenges.

Advocating for Permanent Tax Cuts

Rather than allowing any portion of the 2017 tax cuts to expire, Pence is advocating for making all aspects of the Trump-Pence tax legislation permanent. This approach, he argues, would provide certainty to businesses and individuals while establishing a foundation for sustained economic growth. The former Vice President remains committed to the fiscal conservative principles that guided the original tax reform effort during his time in office.

“Let’s make all the Trump-Pence tax cuts permanent. That’s a way to really lay a foundation to grow the economy in the days ahead.”, added Pence. 

While Pence has praised Trump for various achievements during their administration, including the original tax reform legislation, he has expressed concerns about some of Trump’s recent policy directions. This disagreement on tax policy represents one of several areas where the former running mates have diverged since leaving office. Pence continues to position himself as a champion of traditional conservative values, emphasizing limited government, strong national defense, and lower taxes as foundational principles.