“Huge pieces of Republicans’ 2017 tax law are scheduled to lapse after next year, and Democrats see that deadline as a rare chance to reset fiscal policy and raise taxes on corporations and high-income households,” the Wall Street Journal reports.
“Policymakers and analysts expect a yearlong fight and Christmas-season negotiations to prevent tax increases from hitting most Americans after Dec.
31, 2025, when the law’s cuts end. Lawmakers are starting to think through what leverage they have—and how and when to use it.”