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Another possibility, when it comes to Trump, is to convince yourself that it won’t be as bad as some of the worst doom-mongers would have it. You can look at his first term through narrowed eyes ...
In addition to eliminating the tax on Social Security benefits, Trump said he would continue or make permanent many of the tax cuts he enacted during his first term that are set to expire this year.
The expiration isn't a surprise: It was written into Trump's signature tax legislation from his first term, the Tax Cuts and Jobs Act (TCJA), signed into law in 2017.
A mammoth bill advancing a broad range of President Donald Trump’s policy goals survived a key hurdle on Thursday, putting Republicans closer to their goal of passing a bill by sometime in May ...
The TCJA made other significant changes to the tax code, including doubling the standard deduction, or the amount of money taxpayers can subtract from their annual before income tax is applied. It ...
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
The cuts, Trump's major legislative accomplishment in his first term, are due to expire at the end of this year and nonpartisan forecasters' current assumptions about the growth of the nation's ...