In 2017, Congress passed, and former President Donald Trump signed, the Tax Cuts and Jobs Act into law. The TCJA made several improvements to taxation in the United States. But by no means was it perfect. Most of the individual income tax provisions are scheduled to expire at the end of 2025 and some provisions are not ideal.
Congress should not simply extend the law. They have an opportunity to build on the TCJA and pass fiscally responsible, pro-growth tax reforms.
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