From Washington: What Trump-Era Tax Policy Expiring Means For Your Wallet

Taxes could soon start looking different for many Americans -- as former President Trump's 2017 Tax Cuts and Jobs Act is set to expire in 2025. President Biden has stated his plans to let the act remain expired if he's still in office at the time, while former President Trump would likely reinstate the act, alongside other Trump-era policies. Former President Trump economic adviser Steve Moore and Chief Economist at Moody's Analytics Mark Zandi break down what the effects of the 2017 Tax Cuts and Jobs Act expiring could be. Congresswoman Marjorie Taylor Greene (R-GA) is urging her colleagues to decide to oust House Speaker Mike Johnson (R-LA) from his position. Next week, she and Congressman Thomas Massie (R-KY) plan to initiate a long-threatened motion to vacate the resolution, setting up yet another vote to send the Speaker packing his bags. Unlike the previous success at removing former Congressman Kevin McCarthy, this move by Rep. Greene is expected to fail – lacking support from both Democrats and Republicans alike. FOX News Senior Congressional Correspondent Chad Pergram provides his insight from Capitol Hill. Learn more about your ad choices. Visit megaphone.fm/adchoices