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Politics : Formerly About Advanced Micro Devices

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To: northam who wrote (1512567)	1/11/2025 6:51:02 PM
From: koan	Read Replies (1) of 1582981

Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows \| AP News WASHINGTON (AP) — At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a majority is the plan to renew some $4 trillion in expiring tax cuts. On Friday, the U.S. Treasury released a new analysis of the various ways that extending the expiring individual and estate tax provisions of Trump’s 2017 tax overhaul — known as the Tax Cuts and Jobs Act — could cost the government, and who would directly benefit the most from the legislation’s permanent extension. For instance, the Treasury’s Office of Tax Analysis estimates that the top 0.1% of earners would get a tax cut of $314,000 under a full extension of the individual and estate tax provisions, with the total cost of those tax cuts amounting to $4.2 trillion between 2026 and 2035.

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