New Hampshire Fiscal Policy Institute: Federal Policymakers Will Consider Tax Changes Benefitting Higher-Income Granite Staters in 2025

Federal lawmakers will face several key fiscal policy deadlines in 2025. These deadlines include, but are not limited to, the federal government’s debt limit taking effect in January 2025; the end of the current spending caps on the federal government’s annual budget in September 2025; the sunsetting of enhanced health care marketplace subsidies, which provided an estimated $38.4 million to Granite Staters in 2023 to help them afford individual health coverage, at the end of 2025; and the expiration of key components of the 2017 Tax Cuts and Jobs Act (TCJA) after December 2025.

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