The road to tax reform in a unified Republican government

Though Republicans swept the 2024 elections, small margins in Congress and numerous differences within the party have made achieving their goal of extending and potentially creating new tax cuts a difficult task thus far. Despite the fact the United States is in dire need of tax reform to avoid the Dec. 31, 2025, expiration of many provisions from Republican’s landmark 2017 Tax Cuts and Jobs Act (TCJA), the path to reform legislation is winding.

The shape of potential tax reform

As we have…