Former President Donald Trump intends to extend the tax cuts enacted in the Tax Cuts and Jobs Act of 2017 (TCJA), which are set to expire at the end of 2025.

- Estimates suggest that extending these tax cuts will reduce federal tax revenues by $4.5 trillion from 2025 to 2034, with a 1.1% increase in GDP and an increase in employment of 847,000 full-time equivalent jobs. New tax exemptions and new tariffs on U.S. imports will affect price increases and reduce economic growth.