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Trump Wants to Extend His Tax Overhaul

  • Written by Darla Mercado for CNBC

Whether you love or hate the Tax Cuts and Jobs Act, President Donald Trump wants to keep the tax overhaul going.

The president released his proposed budget for 2021 on Monday. In the spending plan, the President is calling for an extension of the individual tax cuts set to expire at the end of 2025.

The new tax law, which took effect in 2018, trimmed individual income tax rates across the board, lowering the top rate to 37% from 39.6%.


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