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Recent analysis from the Tax Foundation says that if the next Congress doesn’t act, taxes will rise for millions of Americans on January 1, 2026, as the individual provisions of the Tax Cuts and Jobs Act (TCJA) expire. In addition, the Tax Foundation says a permanent extension of the TCJA would boost GDP by 1.2% over the long run and support an additional 829k full-time equivalent jobs.
Across all congressional districts, Tax Foundation estimates that the average tax hike per taxpayer would be $2,853 compared to a scenario where the entire TCJA is extended.
Click here to read the full report at the Tax Foundation.
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