#TrumpTaxCuts

"Trump’s expiring tax cuts spark debate as GOP pushes permanence, while Dems target corporate loopholes. Analysts warn sunset clauses could trigger fiscal cliffs for middle-class households. Treasury data reveals surging deficits, fueling bipartisan clashes over revenue-neutral extensions. Dynamic scoring models clash with CBO projections, muddying economic impact forecasts. Pass-through entity deductions face scrutiny as wealth inequality narratives intensify. State and local tax (SALT) cap repeals gain traction in high-tax blue strongholds. Multinationals lobby for R&D amortization reversals, citing innovation stagnation risks. Biden’s proposed billionaire minimum tax contrasts with Trump-era rate slashes, setting 2024 election stakes. Shadow banking sectors brace for carried interest overhaul threats, while real estate investors exploit 1031 like-kind exchange survivals."