Obervers expect a fierce battle in Congress as Republicans seek to extend the Trump tax cuts. The Tax Cuts and Jobs Act is set to expire at the end of next year, along with the lower tax rates for American workers. Now Republicans hope to work hand-in-hand with incoming President Trump to extend and strengthen […]
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Congress Gears Up For Fight To Extend Trump Tax Cuts
Obervers expect a fierce battle in Congress as Republicans seek to extend the Trump tax cuts. The Tax Cuts and Jobs Act is set to expire at the end of next year, along with the lower tax rates for American workers. Now Republicans hope to work hand-in-hand with incoming President Trump to extend and strengthen the orgininal law, passed in 2027. A key player will be Trump’s Treasure Secretary nominee Scott Bessent, expected to help forge the language in the new tax bill. lowering the corporate tax rate, and putting an end to taxes on both tips and Social Security.