Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

What’s Causing Quant Fund Pain, According to Experts

July 25, 2025

Netflix Searches for Video Podcast Head As It Seeks New Growth Areas

July 25, 2025

Arizona woman to serve 8 years for identity theft scheme benefiting North Korea : NPR

July 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » Speaker Johnson bets early Trump tax cuts to help GOP hold House in 2026
Tax preparation

Speaker Johnson bets early Trump tax cuts to help GOP hold House in 2026

EditorBy EditorJuly 24, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump’s tax law will carry his party in the 2026 midterm elections, allowing Republicans to defy U.S. political convention and hold on to their House majority. 

The swift passage of the bill earlier this month, combined with Republicans’ decision to make many of the provisions — such as a larger child tax credit — retroactive to January 2025, will bode well for the party ahead of next year’s elections, Johnson predicted. 

“They will feel it before they go vote in ’26,” the Louisiana Republican said of voters during an interview with Bloomberg reporters and editors. 

That’s a stark difference from Trump’s first-term tax bill, which Johnson said voters didn’t feel the benefits from ahead of the following year’s disastrous congressional elections, a decision that he called a “big mistake.” 

Many of the new law’s spending reductions, including deep cuts to Medicaid, won’t take effect until after the midterms. 

The president’s party typically loses seats in the midterm elections. Even with Trump at the top of the ticket in 2024, Republicans lost a net of two House seats. 

But Johnson cited Black and Latino voters’ shift to the right in 2024 and Republicans’ “favorable” map heading into next year as additional reasons for optimism. A Trump-backed effort in Texas to redraw district lines to favor Republicans, meanwhile, should yield the GOP “a few” additional seats, Johnson said. 

Election map

The electoral map already favors Republicans heading into next year with more Democrats defending seats in districts won by Trump than Republicans in districts carried by former Vice President Kamala Harris, Johnson said. Thirteen House Democrats represent districts that went for Trump in 2024, while only three Republicans represent districts Harris won.

“We have an offensive map opportunity, meaning we can go and target some of these Democratic districts and flip them,” Johnson said. He’s eyeing an additional 21 Democratic districts that Trump came within five points of carrying.

In a big win for Johnson, Representative Mike Lawler of New York, a Republican in a swing district, announced Wednesday morning that he would remain in Congress rather than compete for the GOP nomination for New York’s governorship. 

Lawler helped secure in the tax bill a four-fold increase to the state and local tax deduction to $40,000 a year for a five-year period, a massive win for his high-tax district. 

“I texted him, ‘and all the people said, ‘Amen,'” Johnson said. “He can win that district. He’s a singular figure.”

The speaker said he has an “all-star recruit” to replace Representative Don Bacon, who is retiring, in a Nebraska district that went for Harris in 2024, though he didn’t say whom he has in mind. Johnson also said he expects Pennsylvania Republican Brian Fitzpatrick — one of just two Republicans to vote against the tax bill — to hang on in his suburban Philadelphia district. 



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

Trump floats rebate checks for Americans from tariff revenue

July 25, 2025

IRS may eliminate non-English tax services

July 25, 2025

IRS warns businesses to revalidate business tax accounts by July 29

July 25, 2025
Leave A Reply Cancel Reply

News
Finance

NFL to fine players for reselling Super Bowl tickets at a profit

A detail shot of the Lombardi Trophy next to Kansas City Chiefs and Philadelphia Eagles…

Auction sales fall 6% in the first half, raising fears for art market

July 25, 2025

FCC approves $8 billion Paramount-Skydance merger

July 24, 2025
Top Trending
IRS

IRS says churches may talk politics without running afoul of tax exempt status

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here
IRS

NABA loses sponsors as political climate threatens diversity efforts

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here
IRS

The pope took a vow of poverty. He may still need to file US taxes.

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

Trump says he’s considering rebate checks for Americans based on tariff revenue

July 25, 2025

Trump’s tax, spending law will add over $3 trillion to federal deficit, report projects

July 22, 2025

Provision in Trump’s budget law draws backlash from gamblers

July 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.