Rep. Michelle Steel is leading Republicans on a new bill that would preserve a bigger standard deduction at tax time.
The California Republican’s measure comes as her party is ramping up for a push to keep its signature 2017 overhaul of the tax code in place after 2025, when many provisions are set to revert to prior law.
In a unique twist, Steel singles out the standard deduction for preserving in her bill, though she backs making many of the provisions of the 2017 law permanent, according to a statement. Her bill follows a variety of Republican proposals that would save particular pieces or the whole of provisions set to expire, including the larger standard deduction.
