A top priority for the incoming 119th Congress and the second Trump administration should be to extend and build upon President-elect Donald Trump’s 2017 tax cuts, most of which are set to expire after December 2025.
The stakes are high. If the tax cuts are allowed to sunset, Americans would face the largest tax hike since World War II.
The 2017 tax legislation—which included tax reductions for individuals, small businesses, and corporations—was one of the signature achievements of Trump’s first term and helped drive the booming economy of the Trump years.
Americans for Tax Reform compiled an impressive list of 1,233 known examples of companies announcing pay raises, job creation, employee bonuses, benefits increases, and business expansions that were made possible by the tax cuts.
The unemployment rate fell to 50-year lows. Median real wages grew as much in…
