Republican lawmakers are preparing for a significant fiscal turning point that could arrive as President Trump’s term ends. While they are advocating for the permanent extension of the 2017 tax law, other provisions aimed at aiding everyday Americans are scheduled to expire in 2028.
“This is going to be front and center in the next presidential campaign,” said Rep. Andy Harris (R-Md.), who leads the House Freedom Caucus.
Among the provisions slated to expire are enhancements to the standard deduction and the child tax credit, as well as the elimination of taxes on tips, car loan interest, overtime earnings, and an extra deduction for seniors — all of which are currently part of the House’s broader domestic policy package.
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