Center on Budget and Policy Proposals: Principles for the 2025 Tax Debate: End High-Income Tax Cuts, Raise Revenues to Finance Any Extensions or New Investments

Key provisions of the 2017 Trump tax law are scheduled to expire at the end of 2025. Given the law’s fundamental problems — its high cost, skew toward high-income people, and failure to produce the promised economic benefits — policymakers should take that opportunity to make a course correction in the nation’s revenue policies. This would mean adhering to three principles: ending the tax cuts for high-income households on schedule, raising more revenue, and making new investments that prioritize low- and moderate-income people and families.

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