• Mon, March 3, 2025

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by: Reuters

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by: MSN

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The Road Ahead: The Trump Administration's Impact On Taxes

The Trump administration has committed to sweeping action on tax policy. Learn more about the top five tax policy changes that may impact you and your small business.
The article "The Road Ahead: The Trump Administration's Impact on Taxes" by Cindy McGhee, published on Forbes, discusses the potential changes in tax policy under a hypothetical second term of Donald Trump. It outlines how Trump's previous tax reforms, notably the Tax Cuts and Jobs Act (TCJA) of 2017, could be extended or modified. Key points include the possibility of making individual tax cuts permanent, which are currently set to expire in 2025, further reducing corporate tax rates, and potentially introducing new tax incentives for businesses. The article also speculates on the implications for estate taxes, capital gains, and international tax policies, suggesting a focus on tax relief for the middle class, simplification of the tax code, and enhancing America's competitiveness in global markets. However, it notes that these changes would likely face significant scrutiny and debate in Congress, given the fiscal implications and the need for bipartisan support.

Read the Full Forbes Article at:
https://www.forbes.com/sites/cindymcghee/2025/03/03/the-road-ahead-the-trump-administrations-impact-on-taxes/

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