Social Security Report

A Look at Tax Strategies for 2025 (and beyond)

As 2024 enters the calendar fourth quarter, most eyes are on the upcoming election and the impact the results will have on the economy for 2025 and subsequent years. Tax policy, of course, plays a key role in guiding the country’s fiscal progress, and the House Ways and Means Committee has been paying close attention to potential tax code reform. Today, the Committee released the following press release on this subject: WASHINGTON, D.C. – Since April, Ways and Means Committee Tax Teams have held over 100 events and traveled to 18 states to learn how Congress can not only extend the expiring provisions of President Donald J. Trump’s signature 2017 tax law and avert the Biden-Harris Administration’s promised $7 trillion tax hike on all Americans, but also expand on that success to reform our tax code to the benefit of American workers, manufacturers, small businesses, and farmers. Click here to read the full press release outlining the Committee’s work in this area.

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