The 2017 Tax Cuts and Jobs Act (TCJA) was a landmark reform of the U.S. tax code, cutting business and individual income taxes and reforming the international tax system. This overhaul spurred the U.S. economy and boosted the country’s competitiveness on the global stage. However, many of the TCJA’s provisions are set to expire at the end of 2025, posing a threat to the U.S. economy and people’s pocketbooks.
The impending expiration of the TCJA presents lawmakers with an opportunity to rewrite the tax code. To build on the successes and learn from the missteps of the TCJA, policymakers must understand the reform’s effects. A joint event hosted by the Tax Foundation, University of North Carolina Tax Center, and Massachusetts Institute of Technology aims to discuss the most up-to-date research on the TCJA to prepare members of Congress for the coming tax debate.
The keynote speaker at this event will be Chairman Kevin Brady, former Chairman of the House Ways and Means Committee and architect of the TCJA. Following Chairman Brady’s remarks, there will be three panels discussing myths and misconceptions about the TCJA, how the tax cuts impacted domestic business activity, and how the tax cuts have played out on the global stage.
Speakers at this event will include some of the country’s leading tax policy minds and former congressional staff. The discussion will provide valuable insights into the TCJA’s impact and the potential consequences of its expiration. As we approach the end of 2025, it is crucial for individuals and businesses to understand these implications and prepare for potential changes in the tax landscape.
For more information on the TCJA and its effects, visit Tax Foundation.