Arizona Center for Economic Progress: Extending the 2017 Tax Cuts and Jobs Act Will Further Solidify An Unequal Federal Income Tax Structure for Generations

A new report pre the Institute on Taxation and Economic Policy visions of the 2017 Tax Cuts and Jobs Act will cost nearly $290 billion 2017 2 Tax Cuts and Jobs Act TC TCJA ermanency Ac nearly $290 billion y en 2026 ne H.R. 976 tions of the Act that were set to expire in 2025.

In Arizona, the top one percent of earners would expec 2025 rece Arizona rly $42,00 one percent eaks.

The bottom 20 percent of Ari nearly $42,000 ers would pay an a 2026 ional $10 in taxes. H.R. 976 ed_highLightText__NxlGi">110 20 percent umma Arizona highLightText__NxlGi">20 an additional $10 one percent lGi">2026 nearly $38,000