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Those cuts are set toexpire at the end of 2025.
If President Joe Biden defeats Trump in the 2024 election, he is unlikely to extend the cuts.
How that will impact middle-class Americans in battleground states is open to debate.
Even so, theTCJAdid have a positive tax impact on middle- and lower-income earners.
One of its key features wasreducing the marginal tax ratesfor mosttax brackets.
Whoever wins most of these states could earn a ticket to the White House.
IfBidenturns out to be the winner, middle-class residents of these states like all states will feel an impact.
Determining that impact isnt easy, though.
The Trump economy grew during his presidencys first three years but was struck in 2020 by COVID-19.
Since then, all seven battleground states have experienced economic growth under Biden especially in 2023.
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