(The Center Square) — California leaders implored Congress to maintain the 2017 Tax Cuts and Jobs Act’s tax cuts and tax-deferred Opportunity Zones, citing the program’s success in transforming the California city of Stockton and noting the substantial tax savings created for the average Californian. 

The TCJA is set to expire by the end of 2025, meaning if Congress does not renew the cuts, Americans would face major tax increases, and the loss of Opportunity Zones — governor-nominated economically distressed Census tracts where investors can defer or eliminate federal taxes on capital gains.