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The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [ 2] Pub. L. 115–97 (text) (PDF), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act ( TCJA ), [ 3][ 4] that amended the Internal Revenue Code of 1986.
Tax cuts usually refer to reductions in the percentage of tax paid on income, goods and services. As they leave consumers with more disposable income, tax cuts are an example of an expansionary fiscal policy. Tax cuts also include reduction in tax in other ways, such as tax credit, deductions and loopholes.
The biggest piece of tax legislation passed during Donald Trump's presidency was the 2017 Tax Cuts and Jobs Act (TCJA), which increased the standard deduction, lowered corporate and estate tax ...
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
This higher standard deduction is due to expire with the Tax Cuts and Job Act. The standard deduction increased to $27,700 for married couples filing jointly, up from $25,900 in 2022. Single ...
The phrase Reagan tax cuts refers to changes to the United States federal tax code passed during the presidency of Ronald Reagan. There were two major tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by ...
At the same time, the 2017 Tax Cuts and Jobs Act (TCJA), signed into law during the Trump administration, is slated to expire at the end of 2025. Discover More: Trump-Era Tax Cuts Are Expiring ...
The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed by President George W. Bush. It is also known by its abbreviation EGTRRA (often pronounced "egg-tra" or "egg-terra"), and is often referred to as one of the two "Bush tax cuts".
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