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Capitol Hill Briefing

Principles for Tax Reform in the 119th Congress

Date and Time
-
Location
2044 Rayburn House Office Building
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Featuring

Director of Tax Policy Studies; Former Deputy Staff Director at the US Congress Joint Economic Committee

George Gibbs Chair in Political Economy and Senior Research Fellow, Mercatus Center

Taxes, Congress


The Tax Cuts and Jobs Act (TCJA) expires at the end of this year, subjecting American families to thousands of dollars in higher taxes if Congress fails to act. The 2017 law cut taxes at every income level and boosted investment, wages, and economic growth. Simply making the tax cuts permanent is fiscally unsustainable, and President-elect Donald Trump promised significant additional tax cuts. So, what options does Congress have?

Learn how Congress can build on the successes of the TCJA by prioritizing tax permanence and economic growth. Meeting these two goals will require reforming tax expenditures and limiting the fiscal cost of additional provisions. We will discuss what was included in the 2017 law and why, the opportunities and obstacles of the reconciliation process, and how Congress can design a tax package in 2025 that makes America the most attractive place in the world to start and grow a business.

Lunch will be provided.