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At End of Trump Tax Cuts, Progressives See Leverage to Target the Rich

Posted on AllSides June 7th, 2024
From The Center

Huge pieces of Republicans’ 2017 tax law are scheduled to lapse after next year, and Democrats see that deadline as a rare chance to reset fiscal policy and raise taxes on corporations and high-income households.

Policymakers and analysts expect a yearlong fight and Christmas-season negotiations to prevent tax increases from hitting most Americans after Dec. 31, 2025, when the law’s cuts end. Lawmakers are starting to think through what leverage they have—and how and when to use it. 

“Tax policy will be front and center on the 2025 agenda because the system...

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