06/09/2025

Trump Tax Bill Reveals Shift in GOP’s Focus

The proposed legislation differs greatly from 2017's TCJA

The sweeping tax legislation Republicans in Congress are trying to send to President Donald Trump to sign into law underscores a striking evolution in the party’s economic agenda: away from tax policy that prioritizes economic growth and toward populist giveaways inspired by Trump’s campaign promises.

House Republicans last month approved a $2.4 trillion proposal that included attention-grabbing provisions such as exempting tips and overtime pay from income taxes and a new deduction for seniors. The bill’s cornerstone, making up the vast majority of its price tag, is the permanent extension of the individual cuts from the 2017 GOP tax law, which lowered rates across income brackets.

But the size of these policies comes at a cost. Critics, including many conservative experts who supported the first Trump tax legislation, say the bill will sacrifice long-term economic growth to deliver on these short-term political promises. Unlike the 2017 law, which centered on a large corporate tax cut that conservatives believe juiced investment, this year’s measure would primarily shower smaller amounts of cash on tens of millions of households through reduced taxes and bigger deductions.

Please select this link to read the complete article from The Washington Post.