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On November 5th, voters in the US will determine who will control the House of Representatives, the Senate, and the White House and select the leaders who will be in office to steer critical US tax policy decisions. With more than $4 trillion worth of unanswered tax policy questions for 2025 and beyond, it is critical to be informed on the potential future path of US tax policy.
Throughout this campaign season, we have seen numerous ideas offered: from high levels of tariffs, to new exemptions for various classes of work. Congress has been active this year as well working on some expired provisions that support innovation and investment.
This election is particularly important because large portions of the Tax Cuts and Jobs Act, adopted in 2017, are set to expire at the end of 2025. If Congress allows those tax cuts to expire, 62 percent of filers could face a tax increase. Yet the price tag for extending those tax cuts is in the trillions.
Congress will have to make tough decisions next year, and the new President will also want to shape the outcome.
Is it possible that principled, pro-growth, fiscally responsible tax policy will be part of the package?
Join us on November 15th for our upcoming webinar as our experts seek to answer this question and provide insight on many more.
Our experts will recap the election and provide insights on what to expect in 2025. We will also take some time to explore what US tax and trade policy shifts could mean for other countries, particularly in Europe.
Tax Foundation’s President & CEO Daniel Bunn will lead a discussion with Tax Foundation’s own Will McBride and Erica York, who will focus on what the election means for US federal tax policy, and Sean Bray, who will link US tax developments to the European policy landscape.
Have a question for our panel? Submit them by clicking the button below and subscribe to our YouTube channel for event reminders.
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