The $50 Billion Backdoor Business Tax Increase Should Be Scrapped

The $50 Billion Backdoor Business Tax Increase Should Be Scrapped
A sign for the Internal Revenue Service in Washington on Feb. 13, 2025. Kayla Bartkowski/Getty Images
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Commentary

The Trump administration took a well-deserved victory lap last week for repealing more than 100 Biden-era rules for every new regulation. This will save U.S. businesses potentially hundreds of billions of dollars of unnecessary costs. Gone are discriminatory racial preferences, Green New Deal mandates, and electric vehicle mandates—to name a few.

Stephen Moore
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
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