Reported 24 days ago
As the 2024 election draws near, the winning candidate will face a pivotal tax debate in 2025, primarily focused on extending tax cuts from 2017 that are set to expire. While both Kamala Harris and Donald Trump agree on extending cuts for earners below $400,000, they clash on the extent and funding of further tax initiatives. Trump's ambitious plans could cost $9 trillion, while Harris's proposals could exceed $4 trillion. The future landscape of taxation will significantly reflect in the national debt, joining other key topics like corporate tax rates and potential bipartisan negotiations influencing this significant economic decision.
Source: YAHOO