Cato Institute: 2026 Tax Increases In One Chart

Cato Institute, 2026 Tax Increases in One Chart:

In 2017, Republicans cut and reformed taxes for individuals and businesses. The vast majority of the changes for individuals expire at the end of 2025, which will increase taxes in 2026 by about $400 billion a year. There is broad bipartisan support to extend about three‐​quarters of the tax cuts.

The following table provides a summary of current policy, the tax changes that will take effect automatically in 2026, and an abbreviated recommendation for how to address the changes. ...