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What Will Happen If Congress Doesn't Extend the Expiring Tax Cuts and Jobs Act in 2025?

What Will Happen If Congress Doesn't Extend the Expiring Tax Cuts and Jobs Act in 2025?


Published on 2025-02-10 08:00:55 - AOL
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  • With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act of 2017 (TCJA) may have gotten a reprieve. The sweeping tax legislation

The article from AOL discusses the potential consequences if Congress fails to extend the Affordable Connectivity Program (ACP), which provides a $30 monthly internet subsidy to low-income households. Initiated during the height of the COVID-19 pandemic, the ACP has been crucial for over 20 million Americans, helping them afford internet access necessary for work, education, and healthcare. Without an extension, millions could lose this benefit, leading to a significant digital divide, particularly affecting rural and low-income communities. The program's funding is set to run out by the end of April 2024, and without additional funding, the benefits will start to decrease, eventually phasing out completely. This could reverse progress made in digital equity, with implications for economic and educational opportunities. The article highlights the urgency for Congress to act to prevent this scenario, emphasizing the program's role in modern connectivity needs.

Read the Full AOL Article at:
[ https://www.aol.com/happen-congress-doesn-t-extend-110023312.html ]
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