“(Ron) DeSantis co-sponsored the Fair Tax in each of his three terms in the House… He sounded pretty enthusiastic about the plan too.” – Politico, 2/6/23

 

DeSantis Wants To Raise Taxes On Americans, While President Trump Cut Taxes

 

In Congress, DeSantis cosponsored the so-called “Fair Tax Act” three times—in 2013, in 2015, and in 2017— which called for a new 23% national sales tax.

 

The Tax Policy Center found that Ron DeSantis’ “Fair Tax Act,” would have raised taxes on working, middle-class families.

 

Under DeSantis’ plan, 90% of earners would see a tax hike.

 

DeSantis’ proposed “Fair Tax” would have added trillions to deficits over 10 years.

 

 

WATCH: Ron DeSantis Tried to Raise Your Taxes

 

President Trump’s Tax Reform Accomplishments

 

President Trump signed the Tax Cuts and Jobs Act – the largest tax reform package in history.

 

More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to The Trump Tax Cuts.

 

Under President Trump, a typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.

 

President Trump doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.

 

President Trump doubled the child tax credit.

 

President Trump virtually eliminated the unfair Estate Tax, or Death Tax.

 

President Trump cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.

 

Since the passage of The Trump Tax Cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.

 

Under President Trump, over 400 companies announced bonuses, wage increases, new hires, or new investments in the United States.

 

Under President Trump, over $1.5 trillion was repatriated into the United States from overseas.

 

Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.

 

President Trump created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.

 

Under President Trump, Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.

 

Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.

 

Approximately 1 million Americans will be lifted from poverty as a result of these new investments.

 

Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.

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