Tax Policy Perspectives in 2025

2025 is shaping up to be a pivotal year for tax policy, with significant changes on the horizon. The expiration of key Tax Cuts and Jobs Act (TCJA) provisions and additional promises from President Trump to lower the corporate rate, raise the SALT cap, and cut taxes on tips, overtime, and Social Security could dramatically impact the U.S. budget and economy.

In a high-interest environment with unsustainable deficits, concerns are rising that looming tariffs and the reaction of trade partners will add to macroeconomic headwinds. In this context, Republicans, who hold narrow leads in the Senate and House, will struggle to find consensus on how to extend various tax cuts and offset at least some of the revenue for those tax breaks.

Register to hear critical updates and insights from leading experts on what these developments mean for the near future.