The tax cuts enacted during the first Trump administration were scheduled to sunset at the end of 2025, returning us to the higher pre-2017 tax levels.
Donald Trump now wants Congress to renew these tax cuts. But despite deep proposed reductions in many vital programs, extending the 2017 tax rates would guarantee a huge 10-year increase in the national debt.
With only a one vote majority, House Republicans have passed a bill doing exactly this. One must hope that the Senate will not go along with this irresponsible bill.
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