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Friday, September 13, 2024

Trump and Harris confront a trillion-dollar question over expiring tax cuts

Trump, Harris lay out tax plans with trillions of dollars on the line

With a huge swath of Trump’s 2017 tax cuts set to expire at the end of next year, the presidential candidates are putting down markers on the issue.

The next president, be it Kamala Harris or Donald Trump, will face a big, early test on a core pocketbook issue: taxes.

A large chunk of Trump’s namesake 2017 tax cuts are set to expire at the end of 2025, including the basic rates paid by individuals and families, and both Trump and Harris are making the issue a big part of their sales pitch to voters.

This post was originally published on this site

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