Jonathan Nicholson covers Capitol Hill and campaigns for HuffPost. His Twitter is @JNicholsonInDC.
, a leading figure in the Democratic Party’s liberal wing, warned her fellow Democrats on Monday to not shy away from next year’s fight over whether to extend temporary tax cuts enacted by former President Donald Trump in 2017.
The 2017 tax cuts consisted of two main parts: a cut in corporate tax rates and cuts in rates and bigger deductions for individual income taxpayers. The latter part, however, was made only temporary to keep the tax cut’s costs down, even though Republicans wanted them to be permanent. The last year for which they are in effect is 2025.Having a large number of temporary tax cuts expire and then accusing Democrats of raising taxes by not extending them is a strategy that the GOP has used before.
“Republicans are running the same play again. It’s why they created the 2025 tax cliffs — lowballing the cost of the Trump tax cuts by making them temporary and counting on Democrats to roll over again to make them permanent.”
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