Kathan Roberts

On February 13, the House Budget Committee, voting 21-16 along party lines (Republicans in favor and Democrats opposed), passed a 2025 budget resolution. The bill does not expressly reference the Tax Cuts and Jobs Act of 2017 (TCJA), but the figures it contains support a permanent extension of the TCJA.

The US tax system is facing potential sweeping changes. As major provisions of the 2017 Tax Cuts and Jobs Act (TCJA) approach their expiration dates, the Trump administration and Congress are weighing not just which policies to extend, but also dozens of new proposals. Combined with possible new tariffs and modifications to international tax rules, these changes could significantly impact corporate strategy and investment decisions for years to come.

Recently, I was discussing the struggles of a certain minority group with several people. Only I and one other person had experienced these struggles personally, and we were having difficulty getting the others to understand. They didn’t see how serious it was to us, never having experienced anything like what we were describing. They asked whether, or rather suggested, our experiences were the same as their own mundane ones. They thought we were overreacting.