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Short-term tax deal tees up monster battle over tax cuts in 2025

01/24/24 6:25 AM By Philip Brasher
KEYWORDS bonus depreciation child tax credit Chuck Conner House Ways and Means Committee Jason Smith Ron Wyden Section 1301 like-kind exchanges Section 179 Senate Finance Committee
A congressional agreement that would boost the child tax credit and temporarily increase some business tax breaks is paving the way for a major battle coming in 2025 over a range of expiring tax cuts that could cost trillions of dollars to extend.
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Philip Brasher
Editor in Chief

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