Congress Begins Debate Over Extending Trump’s 2017 Tax Cuts at Ways and Means Hearing

Republicans champion certainty of tax law extension, while Democrats worry about cost.
Congress Begins Debate Over Extending Trump’s 2017 Tax Cuts at Ways and Means Hearing
President-elect Donald Trump, flanked by (L) Sen. John Barrasso and (R) Sen. Shelley Moore Capito, talks to reporters after a meeting at the Capitol, on Jan. 8, 2025. Steve Helber/The Canadian Press/AP
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Over the next few months, lawmakers will be examining data, studies, and expert analysis when debating whether to extend the 2017 Tax Cuts and Jobs Act (TCJA). The House Ways and Means Committee held a hearing on Jan. 14 to speak with individuals affected by the tax law.

Rep. Jason Smith (R-Mo.), chairman of the House Committee on Ways and Means, said making then-President Donald Trump’s tax cuts permanent provides families and small businesses with clarity, ensuring they will not face a massive tax bill.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."