NOT FOR REPRINT
Who Benefits Most From Extending Trump's Tax Cuts? Likely the Wealthy: Treasury
News January 10, 2025 at 05:56 PM
Share & Print
What You Need To Know
- Extending the 2017 tax cuts would cost $4.2 trillion, according to the Treasury Department.
- The average household would see a tax cut of 2.2% of after-tax income; the top 0.1% would see a 4.2% cut.
- Republican control in Congress makes passage more likely, but deadlock is possible.
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More Information