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Donald Trump has promised the largest tax cuts in history.
President Trump said, “Next year, we will deliver the largest tax cut in our nation's history.''
Today marks the 7th anniversary of the passage of the Trump tax cuts. “Happy Birthday!” Next year, we will implement the largest tax cut in our nation's history. Let's Make America Great Again!
Some provisions of the Tax Cuts and Jobs Act are scheduled to expire at the end of 2025.
Several provisions of the Tax Cuts and Jobs Act, signed by President Trump in 2017, are scheduled to expire at the end of 2025. This would result in more than $4 trillion in tax increases starting January 1, 2026, placing responsibility on the next Congress and administration. to address these significant tax increases.
Many provisions affecting businesses, including pass-through entities, are scheduled to be phased out between 2025 and 2028.
President Trump also made the case for a strong American economy in a speech at the Turning Point USA event in Phoenix on Sunday.
“Around the world we call this the Trump effect, because we are already bringing jobs, opportunity, security, and common sense back to America before we even took office!” he wrote.
“In the 2024 election, our movement not only won a mandate; we built a new American majority that will define the future of our country for generations to come. ” he added in another post of the event.
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