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Donald Trump is vowing the largest Tax Cut in history.
Trump said, “Next year, we will deliver the largest Tax Cuts in the History of our Country.”
Today is the 7th Anniversary of the Trump Tax Cuts becoming Law. “Happy Birthday!” Next year, we will deliver the largest Tax Cuts in the History of our Country. MAKE AMERICA GREAT AGAIN!
Some of the provisions for the Tax Cuts and Jobs Acts are set to expire at the end of 2025.
Several provisions of the Tax Cuts and Jobs Act, signed by Trump in 2017, are set to expire at the end of 2025. This will trigger over $4 trillion in tax increases starting January 1, 2026, placing the responsibility on the next Congress and administration to address these significant tax hikes.
Many provisions affecting businesses, including pass-through entities, are scheduled to phase out between 2025 and 2028.
Trump also argued for a strong American economy during his address at Turning Point USA’s event on Sunday in Phoenix.
“All over the world, they are calling it THE TRUMP EFFECT, because even before taking office, we are already bringing jobs, opportunity, safety, and Common Sense back to the USA!” he wrote.
“In the Election of 2024, our MOVEMENT not only won a MANDATE—WE built a New American Majority that will define our Country’s future for generations to come!” he added in another post from the event.