In testimony before the Joint Economic Committee, AAF President Douglas Holtz-Eakin discusses the tax and fiscal policy issues surrounding the sunsetting of a large portion of the 2017 Tax Cuts and Jobs Act (TCJA) at the end of 2025.

His key points:

• The United States has two major economic policy challenges: too-slow trend economic growth and a large and unsustainably growing federal debt.
• TCJA has a strong record of success as pro-growth tax policy, but 2025 is an opportunity to continue the process of tax reform, strengthening the growth incentives in the tax code.
• At a minimum, the 2025 legislation should not make the fiscal trajectory worse than under current policy; at best, it could both strengthen growth and lower projected deficits.

Read the Testimony

Watch the Hearing