As the US gears up for one of the most crucial election seasons in recent history, the future of tax policy hangs in the balance. With key decisions on the House of Representatives, the Senate, and the White House up for grabs, voters hold the power to shape the path of US tax policy for years to come. Here’s a breakdown of the key points to consider:
- Unanswered Tax Policy Questions: There are over $4 trillion worth of unresolved tax policy questions for 2025 and beyond. This makes it essential for voters to stay informed about the potential directions of US tax policy.
- Varied Ideas and Provisions: This campaign season has seen a range of ideas being floated, from high tariffs to new exemptions for different classes of work. Congress has also been active, working on expired provisions that support innovation and investment.
- Impending Expiration: A major factor in this election is the looming expiration of large portions of the Tax Cuts and Jobs Act from 2017 at the end of 2025. The decision on extending these cuts will have significant implications, potentially leading to tax increases for 62 percent of filers. However, the cost of extending the cuts runs into the trillions, posing a challenging dilemma for Congress.
Looking ahead, it is crucial to ponder whether principled, pro-growth, fiscally responsible tax policy will feature in the upcoming decisions. Join us on November 15th for our webinar where our experts will delve into these critical issues and more.
Our esteemed panel, including Tax Foundation’s President & CEO Daniel Bunn, Will McBride, Erica York, and Sean Bray, will analyze the election results, shed light on the 2025 tax policy landscape, and explore the potential impact of US tax and trade policy changes on European countries.
If you have burning questions for our panel, submit them via the button below and be sure to subscribe to our YouTube channel for event alerts. Stay informed about the tax policies that affect you by subscribing to receive insights from our experts directly in your inbox.
As the nation stands at a crossroads with significant tax policy implications, your understanding and engagement can play a pivotal role in shaping the future landscape. Don’t miss this opportunity to stay informed and make your voice heard.
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