TCJA expiration

K Street is getting ready — and paid — for a tax fight

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K Street is getting ready — and paid — for a tax fight

As loyal Vault readers know, the lead-up for Washington to confront the expiring Trump tax cuts at the end of 2025 is in full swing. That’s already playing out at full speed in the lobbying world, giving a hint of the frenzy to come and the money on the line next year. Big business groups are springing into … Read more

Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the U.S.

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Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the U.S.

The text discusses the potential tax hike by congressional district in 2026 due to the expiration of Tax Cuts and Jobs Act (TCJA) provisions. The largest average tax hikes are expected in California’s congressional districts, with the San Francisco area facing the highest increase of ,127 per taxpayer. If the TCJA provisions are not made permanent, about 904,000 full-time equivalent jobs would be lost, impacting states like California and Texas the most. Making the TCJA individual tax provisions permanent and canceling business tax hikes would lead to long-run GDP growth, higher wages, and a larger national capital stock.