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Moreover, the TCJA tax breaks are set to end in 2025 unless Congress intervenes.
Were those provisions to end, it could raise taxes for more than 60% of all taxpayers.
Trump has stated that he prefers to extend all the expiring TCJA tax breaks.
Trump has also floated the idea ofeliminating income taxes entirelyand instead adding universal tariffs to all imported goods.
That said, if history is any indication, Trumps endgame will be to keep taxes lower.
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