Swiftly Approve the Tax-Cutting Budget Bill

If President Trump aims to boost his declining poll numbers, a straightforward solution is right in front of him: He should expedite his “big, beautiful” tax-reduction bill. Immediately.

On Monday, Trump met with Speaker Mike Johnson to discuss this legislation, which seeks to make his 2017 tax cuts — scheduled to expire at year-end — permanent.

This development is encouraging, but Trump must maintain significant momentum.

The Tax Cuts and Jobs Act primarily benefited the middle and working class (contrary to claims from the left that it favored only the wealthy): average taxpayers retained more of their earnings, wages increased and unemployment decreased, leading to a thriving economy overall.

If these tax cuts are allowed to expire, as the Democrats intend, it will significantly impact Americans. However, preserving them would not only allow Trump to claim victory but also win the admiration of voters.

The new budget proposal not only prolongs the 2017 tax cuts but also aims to introduce additional cuts (such as eliminating taxes on tips and Social Security), potentially paving the way for another economic boom.

This month, the House approved a blueprint, yet the final bill’s progress is stalled as lawmakers negotiate funding mechanisms.

Johnson has set a deadline for Memorial Day weekend, but some lawmakers are hesitating due to potential cuts to entitlements, and GOP deficit hawks are resisting tax reductions without significant spending reductions.

These difficult choices need to be made swiftly.

Trump’s primary focus should be to leverage his platform to highlight tax cuts, mobilize public support, and pressure legislators to finalize an agreement.

His polling figures have dipped, largely due to tariffs causing turmoil, which he downplays as short-term difficulties.

Investors are anxious. Everyday Americans worry about their retirement savings. Small-business owners fear for their operations.

A recent Washington Post-ABC News-Ipsos poll indicated that Trump currently holds the lowest approval rating of any president during their first 100 days in office since 1945.

The president has expressed dissatisfaction with these figures.

While tariffs may yield advantageous outcomes in the future, as more nations engage in trade negotiations, the economy requires relief immediately.

Trump must redirect his attention towards legislation that alleviates uncertainty and offers taxpayers and the market something to celebrate.

It’s hard to imagine a more effective example of sound policymaking benefiting political interests.