Benzinga
Benzinga
  • 2 months ago
With the 2024 presidential election approaching, the future of the 2017 Tax Cuts and Jobs Act hangs in the balance. Set to expire after 2025, the TCJA provided tax cuts for 62% of taxpayers. If Congress does not intervene, these cuts will end, raising tax bills for millions. Donald Trump and Kamala Harris are proposing tax reforms with overlapping ideas, like expanding the child tax credit and eliminating taxes on tips, while their broader tax policies diverge. A recent Gallup poll shows that 56% of Americans feel they pay too much in taxes, while only 22% believe they receive valuable services in return.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02With the 2024 presidential election approaching, the future of the 2017 Tax Cuts and Jobs Act
00:08hangs in the balance.
00:10Set to expire after 2025, the TCJA provided tax cuts for 62% of taxpayers.
00:17If Congress does not intervene, these cuts will end, raising tax bills for millions.
00:22Both Donald Trump and Kamala Harris are proposing tax reforms with overlapping ideas like expanding
00:27the child tax credit and eliminating taxes on tips, while their broader tax policies
00:31diverge.
00:32A recent Gallup poll shows that 56% of Americans feel they pay too much in taxes, while only
00:3822% believe they receive valuable services in return.

Recommended

20:17
I
Up next
Delhi AQI Crisis: Every 3rd Child at Risk of Severe Lung Disease, Warns Environmentalist Bhavreen |
Oneindia
16:15
Transforming Delhi's Toxic Air: An Expert's Vision for Sustainable Livelihoods & Community Action
Oneindia
15:00
Delhi's Smog Emergency: Interview with Senior Advocate Raj Panjwani on Legal Challenges & Solutions
Oneindia
0:46
Trump and Republicans reveal tax plan
Wibbitz Top Stories
1:31
Twitter Is Now 'X'
Wibbitz Top Stories
0:38
Trump's Tax Cuts Are Expiring Soon. Here's Why Small Businesses and Families Are Fighting for Its Key Provisions as the November Election Looms
Benzinga
0:35
Trump Pitches Major Tax Reform That Could Cut Taxes for More Than 90 Million Americans
Benzinga
0:40
Trump and Harris Unveil Diverging Tax Plans, But Which Plan Can Address the Nation's Fiscal Challenges?
Benzinga
0:36
Top-Ranked Advisors Prepare For 'Tax Cliff' In 2025 When Trump Tax Cuts Are Set To Expire
Benzinga
0:46
Peter Schiff At Odds With Bernie Sanders Over Taxing Rich, Calls Upon Democrats To Cut Taxes: 'They're Already Paying 40% Of The Federal Income Tax'
Benzinga
0:47
Trump Says He Will End Taxes On Overtime Pay, But Economist Peter Schiff Says There Is A Fly In His Ointment
Benzinga
0:34
Trump's Tax Plan Would Accelerate Social Security's Insolvency Timeline. Plan May Run Out Of Benefits In 6 Years, Under Republican Frontrunner's Agenda
Benzinga
0:38
Kamala Harris Proposes 28% Corporate Tax to Fund Key Initiatives, Partially Rolling Back Trump-Era Tax Cuts
Benzinga
0:31
Is Trump's Tax Plan Feasible? Former President Pitches $11 Trillion in Tax Cuts, While  Allies Say Details Still Unclear
Benzinga
0:42
Trump's Economic Proposals Could Add Nearly 5 Times More to the Federal Deficit Than Harris's. Economists Warn Trump Tariffs Could Reignite Inflation.
Benzinga
0:37
Biden's Budget Plan Seeks 25% Minimum Tax on Billionaires, Corporate Tax Reforms
Benzinga
0:34
Trump Woos CEOs with Promises of Tax Cuts and Economic Growth, Says Country Needs a President 'at the Top of His Game'
Benzinga
27:08
Belanjawan 2025: Progressive taxation and measures for a sustainable Madani economy
AWANI
1:31
Donald Trump Wants to End Taxes on Tips
Wibbitz Politics News
0:36
Trump to Unveil Bold Economic Plan to Counter Harris' Agenda at DNC
Benzinga
3:36
Budget 2022: Income Tax Changes
LatestLY
1:05
NYT Editorial Board Calls The GOP Tax Bill A 'Historic Tax Heist'
Geo Beats
1:31
The biggest revelations from Trump's tax returns
Business Insider
0:39
Biden Takes Aim at Wealthy in State of the Union Address, Proposes 'Billionaire Tax'
Benzinga
1:13
Donald Trump slashes taxes for poor -- and wealthy
Wibbitz Top Stories