Heading into the November presidential election, the mantra of the Republican Party was “drill, baby, drill.” One month into the new administration, President Donald Trump’s catchphrase could be “cut, baby, cut.” So far, the White House is attempting to gut various aspects of the federal government. Over on Capitol Hill, lawmakers are already working on the GOP tax bill, a legislative initiative that aims to slash taxes. Steve Forbes, the famous publisher of Forbes magazine and former presidential candidate, has some suggestions.
The Forbes GOP Tax Bill Version
In the coming weeks, the Republican Party will hold internal debates about whether to pass one big, beautiful reconciliation bill or two. Whatever path officials take, Forbes discussed the urgency of addressing tax policy before the year’s end to avoid substantial tax hikes in 2026….
