Reported 8 months ago
A tax debate for 2025 is already underway as Senator Elizabeth Warren calls on Democrats to prepare for the fight, laying out red lines including new taxes for corporations and billionaires. Republicans are aiming to prevent these red lines from becoming policy, with ideas from both sides shaping the conversation. The outcome and parameters of the debate will be influenced by the 2024 election results, with key issues being the December 2025 deadline for Trump tax cut provisions and the discussion around the corporate tax rate.
Source: YAHOO