The 2018 tax overhaul cut taxes for both individuals and corporations. But it includes a provision to
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The 2018 tax overhaul cut taxes for both individuals and corporations. But it includes a provision to sunset the individual tax cuts in the year 2025. Why does the bill include this provision? What do you think supporters of the law expect will happen in 2025? How might political considerations surrounding sunset provisions increase the final cost of the law, compared with the original estimates by the CBO?
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Sunset Provision as a Budget Gimmick The 2018 tax overhaul also known as the Tax Cuts and Jobs Act TCJA included a provision that will sunset the indi...View the full answer
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