What is Necessary for Republicans to Extend 2017 Tax Cuts? The tax cuts in the 2017 TCJA were supposed to pay for itself in stimulation of the economy. The TCJA was passed using the Reconciliation Act. It never did pay for itself. So now Republicans are working on cuts to social programs to keep the […]

The issue of the Tax Cuts expiring will be arriving at everyone’s doorstep come the end of 2025. They do not give an exact date so i will go with EOM December 2025. Does someone making close to or more than $400,000 annually deserve a continuation into 2026 and beyond? Not sure. I think the […]

In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who […]