Top GOP’s Priorities under Trump: How It Affects You and Small Business Owners

IRS Tax Relief

With Donald Trump back as President, and both the House and Senate in GOP’s power, Republicans become ready to push a set of legislative changes. Most important will be the thorough reform of the U.S. income tax system. The following are some of the top GOP’s priorities and how those changes can influence individuals and small businesses.

An illustration of tax changes coming in 2025
Top GOP’s priorities and tax changes coming in 2025

Key Legislative Changes

Making the 2017 Tax Cuts and Jobs Act, TCJA Permanent

Overview: Major tax reductions and reforms were designed to be temporary, cessation or expiring by the end of 2025. The Republicans … Read more at 2009 Tax.