Congress must act to prevent 'tax Armageddon'

Republicans gathered this week in Milwaukee for the Republican National Convention, and among the matters they confronted was the need to stop a wave of tax increases set to fall on Americans next year, particularly on the heart of the economy — manufacturers and their workers.

It will be what some are calling a “tax Armageddon” because meaningful changes to the tax code made during the 2017 tax reforms will phase out by the end of 2025. If Congress and the White House fail to act, millions of Americans will face higher tax bills, and manufacturers will struggle to create jobs, increase wages, and invest in their local communities.