
Policymakers are facing a critical deadline regarding the expiring provisions of the Tax Cuts and Jobs Act (TCJA) of 2017, which will lapse in less than 500 days. According to experts, the decisions made in this limited timeframe will have significant implications for the federal deficit and the tax obligations of millions of households and businesses. A recent survey of 500 senior business leaders indicates that the uncertainty surrounding the future of the TCJA and federal tax policy is imposing a substantial economic cost, potentially constraining millions of jobs. This sentiment is echoed by polling data that highlights the economic risks associated with the indecision on tax policy. If Congress does not act, current tax laws are set to expire after 2025, raising concerns about the broader economic impact.
Current Tax Laws That Will Expire After 2025 if Congress Does Not Act https://t.co/wb9tdHRx4F
Current Tax Laws That Will Expire After 2025 if Congress Does Not Act https://t.co/TkP5GLnLvj | by @WNJLLP
#EXCLUSIVE — New polling shows that uncertainty about the fate of the Trump tax cuts and the future of federal tax policy is a major economic cost and could be constraining millions of jobs. https://t.co/6XsAsUpoGm