Just a reminder that the last of the tax cuts under the Tax Cuts and Jobs Act (TCJA) of 2017 for citizens ends in 2025. The flat 21% rate for businesses tax cut will continue long after that point.
The Republicans are the ones who passed the TCJA with the whole point being that they would run on this plank hard in 2024. The reason the income tax on people are ending in 2025 was because the House and Senate (both controlled by Republicans at the time) couldn’t agree on a unified measure and decided to instead use reconciliation to move the TCJA through. And they’re planning exactly this same tactic if they win in November.
Because they don’t want a solution, they want a never ending problem.
Just a reminder that the last of the tax cuts under the Tax Cuts and Jobs Act (TCJA) of 2017 for citizens ends in 2025. The flat 21% rate for businesses tax cut will continue long after that point.
The Republicans are the ones who passed the TCJA with the whole point being that they would run on this plank hard in 2024. The reason the income tax on people are ending in 2025 was because the House and Senate (both controlled by Republicans at the time) couldn’t agree on a unified measure and decided to instead use reconciliation to move the TCJA through. And they’re planning exactly this same tactic if they win in November.
Because they don’t want a solution, they want a never ending problem.