Why Extending Trump’s TCJA Matters: Past, Present, and Future of U.S. Tax Policy

When President Trump signed the Tax Cuts and Jobs Act (TCJA) into law it fundamentally reshaped the U.S. tax system, delivering lower rates for individuals and businesses, spurring economic growth, and making American companies more competitive globally. Congress faces a critical decision: extend these tax cuts and continue fueling economic prosperity, or allow them to lapse, raising taxes on millions of families and businesses.