Next year, many provisions of President-elect Trump’s signature tax law from his first term, the Tax Cuts and Jobs Act (TCJA), will expire. Because of this, tax policy is expected to be a key focus for the new Congress. On Nov. 20, The Budget Lab at Yale, a policy research center at the Law School, hosted a panel discussion on what the tax policy debate next year may look like. Linden identified tax cuts as being responsible for the current fiscal situation: “I don’t accept that we have a spending problem and a tax problem. The Budget Lab has analyzed the revenue effects of many of these policies and will continue to publish new analyses as the policy debate unfolds.

Source: Washington Post November 25, 2024 19:23 UTC