Congress is back in town, and they’re not just here to shake hands and pose for photos. They’re gearing up for what might be the wildest tax showdown since the original 2017 cuts. Think of it as TCJA 2.0, but with way more fireworks, tigh...
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Decoding the Tax Bill While GOP Spars Over Cuts
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Subscribe27 MAR 2025 / ACCOUNTING & TAXES
Congress is preparing for a major showdown over proposed tax cuts that could permanently extend the 2017 Tax Cuts and Jobs Act (TCJA), potentially lower corporate tax rates to 15%, eliminate taxes on overtime pay, and remove taxes on Social Security benefits, among other measures. With a warning from billionaire investor Ray Dalio about "dire" risks of increasing national debt, the proposed tax cuts, which could cost around $4.5 trillion over the next decade, have sparked concerns about possible spending cuts, loophole plugging, or manipulations in budget rules to offset the costs.
Congress is back in town, and they’re not just here to shake hands and pose for photos. They’re gearing up for what might be the wildest tax showdown since the original 2017 cuts. Think of it as TCJA 2.0, but with way more fireworks, tigh...
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