ICYMI: CFG’s McIntosh Discusses Digital Assets, Taxes, & Trump Transition

Will Mitola  |   December 4, 2024

Washington, D.C. – In case you missed it, Club for Growth President David McIntosh discussed President-Elect Donald Trump’s cabinet picks’ impact on tax and digital asset policy with Washington Examiner’s Zach Halaschak. McIntosh recently appeared on Fox Business’ Varney and Co where he discussed how the last Trump tax cuts paid for themselves, and proposed repealing Joe Biden’s woke tax subsidies and increases to bring even bigger tax cuts.

Click here to read the full reporting from the Washington Examiner.

 

McIntosh served in Congress and the White House; he is considered an expert on legal issues, pro-growth policies, and deregulation. He co-founded the Federalist Society and went on to serve as President Reagan’s special assistant for Domestic Affairs and special assistant to Attorney General Edwin Meese III. In the first Bush Administration, he served as executive director of the President’s Council on Competitiveness. In the U.S. House, McIntosh chaired the Subcommittee on Regulatory Relief and passed the Congressional Review Act.

Please contact Joe Kildea to interview McIntosh at [email protected].

 

STORY EXCERPTS:

 President-elect Donald Trump’s picks to guide economic policy in his incoming administration are a mix of sober-minded yet diverse loyalists who are eager to carry out his tax, spending, and tariff agenda.

Over the past few weeks, Trump has been announcing nominees for Cabinet and other high-up positions in his administration. Unlike some of his Cabinet choices who have drawn backlash for being unorthodox, his choices to carry out economic policy are experienced people who appear united in their willingness to carry out his vision for the country.

…

Taxes

One major goal of the new administration is to extend, and perhaps expand, the expiring features of the 2017 Tax Cuts and Jobs Act. The slate of advisers will be critical in pushing for and implementing the expanded tax cuts, a job that will be made easier by Republican majorities in the House and Senate.

“That’s going to have to be goal No. 1 for this whole group — is to get Congress to use the reconciliation process to extend those tax cuts and also enact the particular proposals that the president made,” former Indiana Rep. David McIntosh, who is now the president of the conservative Club for Growth, told the Washington Examiner.

For example, Trump promised to exempt taxes on tips and eliminate taxes on Social Security while on the campaign trail.

…

Crypto

McIntosh pointed out that Bessent and Hassett’s picks indicate Trump will follow through on his promise to open up “free market innovation” in the cryptocurrency space.

Trump has been a fierce advocate of crypto during this election cycle, something that has propelled bitcoin to new heights on the expectation of a friendly administration. Bessent, himself an investor in the space, will play a key role in making that come to fruition.

“Crypto is about freedom, and the crypto economy is here to stay,” Bessent told Fox Business this year. “Crypto is bringing in young people, people who have not participated in markets.”

 

Donations to the Club for Growth are not deductible for Federal income tax purposes. Contributions from the general treasury of a labor organization, a national bank, a federal government contractor, a foreign entity or foreign nationals (non-Green Card holders) are prohibited. Donations may be used for political purposes such as supporting or opposing candidates. No funds will be earmarked or reserved for any political purpose. Your contribution reaffirms your membership in the Club for Growth.