Trump Tax Plan Ending 2025. It wasn’t the largest tax cut in history, as trump has repeatedly claimed, but it was sizable: Former president donald trump added more items to his long list of campaign tax promises, discussing ending income taxes in favor or tariffs and saying he would “think about”.

This gives incoming lawmakers a window of opportunity to reconsider how to structure tax policies to balance revenue. Enacted by former president donald trump, the tax cuts and jobs act of 2017, or tcja, brought sweeping changes for individuals, including lower tax brackets, higher standard.