Large portions of the 2017 Tax Act expire at the end of 2025, reverting to pre-December 2017 tax rates on the personal side of the tax code, which would increase revenues by nearly one percentage point of GDP in 2026-2027 under current law projections.
factualpending
Speaker
Philip SwagelEvidence Quote
“large parts of the 2017 Tax Act expire at the end of next year so at the end of 2025 we revert to the pre- December 2017 uh tax rat that's on the personal side of the US tax code um and that means about near well it's nearly one percentage point of GDP in additional Revenue in our projections in 2026 in 2027”
Created: 8/12/2026, 6:26:40 PM
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