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[ Tue, Mar 11th ]: Metro
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[ Sun, Mar 09th ]: Axios
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Trump's tax cuts could expire by year's end. Which ones are they?

  Copy link into your clipboard //politics-government.news-articles.net/content/ .. ld-expire-by-year-s-end-which-ones-are-they.html
  Print publication without navigation Published in Politics and Government on by WBTW
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Sixty-two percent of taxpayers could face a tax increase if the Tax Cuts and Jobs Act expires at the end of the year.
The article from WBTW discusses the potential expiration of several tax cuts implemented by former President Donald Trump through the Tax Cuts and Jobs Act (TCJA) of 2017. Key provisions set to expire by the end of 2025 include the reduction of individual income tax rates, the doubling of the standard deduction, an increase in the child tax credit, and the estate tax exemption. Additionally, the corporate tax rate cut from 35% to 21% could also be at risk if not extended by Congress. The expiration of these tax cuts could lead to higher taxes for many Americans and businesses unless Congress acts to extend or modify them. The article highlights the political debate surrounding these tax policies, with some Republicans advocating for their permanence, while Democrats have expressed interest in allowing certain cuts to lapse or in altering them to fund other priorities.

Read the Full WBTW Article at:
[ https://www.wbtw.com/news/politics/trumps-tax-cuts-could-expire-by-years-end-which-ones-are-they/ ]