President Trump and Republican lawmakers passed their major tax-and-spending cut bill earlier this summer, faster than almost anyone else in Washington, D.C., was expecting.
Now, they’re planning their second act.
The law extended Republicans’ 2017 tax rate reductions while making big cuts to health care and other social programs, adding $3.4 trillion to the national deficit through the next decade.
But there’s still plenty of tax policy left for Congress to tackle this fall, including a number of expiring provisions that weren’t covered in the main reconciliation package.
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