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Business & Economics

Budget Reconciliation: Tracking the 2025 Trump Tax Cuts

Tax Foundation
Summary
Nutrition label

83% Informative

The 2017 Trump Tax Cuts and Jobs Act ( TCJA ) would decrease federal tax revenue by $4.5 trillion from 2025 through 2034 .

Long-run GDP would be 1.1 percent higher, offsetting $710 billion , or 16 percent , of the revenue losses.

President Trump has called for permanent extension of the 2017 tax cuts, additional policies, including no taxes on tips, overtime pay, and Social Security benefits for retirees.

Report: Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations .

Contact us to connect with a federal tax policy expert or click on the experts below to request them as a speaker at your upcoming event.

Have a question about any of the tax plans or policies above? Contact us at the Tax Foundation .

VR Score

89

Informative language

92

Neutral language

53

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links