Democrats might not touch these taxes. But they’re going up anyway
A law passed by Republicans in 2017 cut the top income-tax rate to 37%, offered a 20% tax break to certain business owners and reduced the number of wealthy estates subject to federal tax.
The tax cuts for individuals are temporary. They would end starting in 2026 even if Democrats don't touch them.Democrats jettisoned a number of proposals to raise taxes on the wealthy in their $1.75 trillion social and climate spending measure. But those taxes are set to increase even if lawmakers don't touch them.
That's due to language in the 2017 tax law, passed by a Republican-controlled Congress and White House, which made these tax cuts temporary.
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