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News Alert: Trump’s tax law hits four-year anniversary in a safer spot

News Alert: Trump's tax law hits four-year anniversary in a safer spot 2

 

 
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Trump's tax law hits four-year anniversary in a safer spot
Four years after former President Trump signed his 2017 tax-cut law, most of the measure is unlikely to be reversed in the near term, even under a Democratic president and Congress.

Democratic lawmakers were united in voting against the legislation, and they and President Biden subsequently campaigned on rolling back the law’s tax cuts for high-income individuals and corporations. 

House Speaker Nancy Pelosi (D-Calif.) called it “the worst bill in the history of the United States Congress” several weeks before the 2017 tax law was enacted.

Four years later, Democrats are struggling to undo major portions of the law, and it increasingly looks like the Trump bill will be lasting.

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