Over 300 economists urge Trump, GOP leaders to extend tax cuts before massive tax hike hits Americans

A group of more than 300 economists on Thursday sent a letter to President Donald Trump and Republican leaders in Congress urging the quick passage of the GOP tax package to prevent the expiration of the 2017 tax cuts and a $4 trillion tax hike they say would hurt the economy.

The letter was led by Stephen Moore, an economist and co-founder of Unleash Prosperity Now, and emphasized the extension of lower taxes on individuals and small businesses in the package. In addition, the simplification of the tax code...