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new tax cutsTax Foundation
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Business & Economics
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The 2017 Trump Tax Cuts and Jobs Act ( TCJA ) would decrease federal tax revenue by $4.5 trillion from 2025 through 2034 .
Long-run GDP would be 1.1 percent higher, offsetting $710 billion , or 16 percent , of the revenue losses.
President Trump has called for permanent extension of the 2017 tax cuts, additional policies, including no taxes on tips, overtime pay, and Social Security benefits for retirees.
Report: Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations .
Contact us to connect with a federal tax policy expert or click on the experts below to request them as a speaker at your upcoming event.
Have a question about any of the tax plans or policies above? Contact us at the Tax Foundation .
VR Score
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