The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
WASHINGTON, D.C. – July 5, 2025 — In a significant legislative win just in time for Independence Day, President Donald J. Trump signed into law the much-anticipated “One Big, Beautiful Bill”, a sweeping reconciliation package that delivers the largest middle-class tax cuts in U.S. history, introduces Medicaid reforms, bolsters border security, and fuels an ambitious economic growth agenda.
the staff of the Ridgewood blog
Washington DC, as rumors swirl about a potential millionaire surtax and an increase in the top income tax rate to 40% or more, conservative voices are sounding the alarm. Many warn that such a move would represent a dramatic departure from the Republican Party’s long-standing commitment to low taxes and free-market economics — a formula credited with driving U.S. prosperity since the Reagan era.