Sunset of Trump Tax Cuts Will Darken the Economy

Sunset of Trump Tax Cuts Will Darken the Economy
The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service in Washington on May 10, 2021. Andrew Kelly/Reuters
Julio Gonzalez
Updated:
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Commentary

If Congress does absolutely nothing—which is what Congress is best at doing—then pretty much every American will soon be paying higher taxes. Rich or poor, your tax bill is going up—and economic growth will decrease—when the nonpermanent provisions of the Tax Cuts and Jobs Act of 2017 expire at the end of 2025.

Julio Gonzalez
Julio Gonzalez
Author
Julio P. Gonzalez is the CEO and founder of Engineered Tax Services, Inc.
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