The resolution urges the United States Congress to permanently extend the Tax Cuts and Jobs Act of 2017, highlighting its positive impact on the economy prior to the COVID-19 pandemic. It notes that the tax cuts resulted in a significant net tax reduction of $1.5 trillion, leading to historically low unemployment rates, increased business investment, and a rise in median household income. The resolution emphasizes that over 100 million American taxpayers, particularly from the middle and working classes, benefited from the tax relief provided by the act, which included reductions in personal income tax rates and the near doubling of the standard deduction.

Furthermore, the resolution expresses concern that allowing the provisions of the 2017 tax cuts to expire after December 31, 2025, would lead to substantial tax increases for American taxpayers, a decline in competitiveness, and negative economic consequences such as job losses and higher prices. It calls for the extension of the tax cuts alongside necessary spending cuts to prevent an increase in the federal debt burden, reflecting the majority opinion of Americans who support making these tax cuts permanent.