Changing Tax Policy Landscape Will Worsen U.S. Competitiveness
Unless lawmakers act, 2022 will be the first of several years that the U.S. tax system automatically changes for the worse.
Unless lawmakers act, 2022 will be the first of several years that the U.S. tax system automatically changes for the worse.
Policymakers and taxpayers should understand the scope of tax changes necessary to fully pay for the large-scale social spending programs that would be initiated under the Build Back Better Act.
Temporary policy creates uncertainty for taxpayers and scheduling more expirations will add to the already-expiring provisions under the Tax Cuts and Jobs Act (TCJA) of 2017.