The Tax Advantage of 2024.

The 2024 US elections will determine whether Republicans can keep their Trump-era tax cuts, Democrats can rewrite them, or whether a split government prompts a massive fiscal collision. Both parties are actively strategizing over how to handle the consequences of the tax cliff, with clear battle lines already forming. Republicans say they would probably try a straight extension of the expiring Trump tax cuts, while Democrats want to follow through on their long-held pledges to tax the wealthy. The ability to mold the country’s tax structure may not ever become the primary focus of the presidential campaign or the battle for Congress, but it is a huge prize for the taking.