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The expiration isn't a surprise: It was written into Trump's signature tax legislation from his first term, the Tax Cuts and Jobs Act (TCJA), signed into law in 2017.
Tax cuts that went into effect during the Trump administration are due to expire at the end of 2025, which isn't exactly right around the corner but isn't in the far-distant future, either. A lot ...
While an expiration date was set for the individual tax cuts, the cuts to business taxes made in the legislation were permanent: The TCJA reduced the corporate tax rates, which previously topped ...
In response, Smith filed his own brief on February 14, 2024, urging the Supreme Court to deny Trump's request and citing the urgency of the pending 2024 presidential election. Smith also requested that if the Supreme Court took the case, to treat Trump's request as a petition for writ of certiorari, and put the case on an expedited schedule. [39]
Trump v. Mazars USA, LLP, 591 U.S. ___ (2020) was a landmark US Supreme Court case involving subpoenas issued by committees of the US House of Representatives to obtain the tax returns of President Donald Trump, who had litigated against his personal accounting firm to prevent this disclosure, although the committees had been cleared by the United States Court of Appeals for the District of ...
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
8/8 0 0 0 0 0 Associate Justice: Clarence Thomas: George H. W. Bush: October 15, 1991 75% 6/8 0 0 0 1 1 Associate Justice: Samuel Alito: George W. Bush: January 31, 2006 100% 8/8 0 1 0 0 1 Associate Justice: Sonia Sotomayor: Barack Obama: August 6, 2009 100% 8/8 0 0 1 0 1 Associate Justice: Elena Kagan: Barack Obama: August 7, 2010 100% 8/8 1 0 ...
Some of the tax cuts that were passed as part of the 2017 Tax and Jobs Act (informally known as the Trump tax cuts) have an expiration date at the end of 2025, which brings a potentially ...