14 Tax Changes Republicans Could Make in 2025

Republican members of the House Budget Committee have floated a draft list of ideas to cut or increase taxes, or to cut federal spending. Lawmakers must make cuts to pay for the promised extension of the 2017 tax overhaul known as the Tax Cuts and Jobs Act.

“The wide variety of options suggests lawmakers are still debating the best approach to achieve a fiscally responsible and pro-growth package of tax reforms,” Erica York, vice president of federal tax policy at the right-leaning Tax Foundation in Washington, told ThinkAdvisor Thursday in an email.