The Deduction

Election Insights | Tax Hikes Are Coming, Regardless of Who’s in the White House


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Are tax increases on the horizon in 2025, no matter who takes office? In this episode, we explore why changes to the tax code could hit your wallet, regardless of which party comes out on top.

Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. They break down the expiration of the Tax Cuts and Jobs Act, Trump’s plans for the tax code, and Harris’s proposals to raise taxes.

Links

  • Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US See more
  • Tax Calculator: How the TCJA’s Expiration Will Affect You See more
  • Why Are the Individual Tax Cuts Expiring? See more
  • Tracking 2024 Presidential Tax Plans See more
  • Harris Tax Plan Ideas: Details and Analysis See more
  • Trump Tax Plan Ideas: Details and Analysis See more
  • Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations See more

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The DeductionBy Tax Foundation

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