Reported 3 days ago
U.S. Treasury Secretary Scott Bessent announced that the Trump administration is making significant strides on a new tax plan amidst ongoing tariff discussions. In an interview with Yahoo Finance, Bessent indicated that there is optimism about a tax deal, aiming for permanence of the 2017 Tax Cuts and Jobs Act by July 4, 2025. The legislation, which includes substantial tax cuts set to expire at the end of 2025, is currently progressing through both the Senate and the House.
Source: YAHOO