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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Donald Trump Kamala Harris Tax Cuts Income Tax JD Vance Joe Biden CTC Tax Foundation
Image shows the U.S. Capitol Building split between Democrat blue and Republican red.

Whether Vice President Kamala Harris or former President Donald Trump makes it to the Oval Office, either one will have to address the looming "tax cliff" tied to the Tax Cuts and Jobs Act (TCJA) — as many provisions are slated to sunset at the end of 2025. 

Without action from Congress, the impact could be widespread — ending tax cuts from low and middle-income families to the ultra-wealthy. With the 2024 election fast approaching, and swing states still up for grabs, all eyes will be on Harris and Trump’s developing tax agendas.

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