Competitive, pro-growth tax policy is essential to growing the economy, raising wages for workers, and improving the standard of living for all Americans.
Lawmakers can advance growth-oriented tax policies this year and avoid the largest tax increase in American history, which will otherwise occur when key provisions of the 2017 Tax Cuts and Jobs Act expire at the end of 2025.
The Tax Cuts and Jobs Act empowers local businesses, fostering economic growth and creating job opportunities in communities across America., the most comprehensive tax reform legislation since 1986, significantly reduced and simplified the federal income tax burden for American families and workers and modernized the taxation of business income.