Promise: Make 2017 Trump Tax Cuts Permanent
- Koen Van Duyse
- Mar 23
- 2 min read
When: 2024 Campaign Trail & Truth Social Posts
Category: Federal Income Taxes
Target Group: Individuals, Families, Small Business Owners
📊 Status: 💬 Still a Promise📜 Proposed Legislation introduced by GOP lawmakers in 2023 (House Republicans passed a partial extension bill, not yet law)
🧾 Details: The 2017 Tax Cuts and Jobs Act (TCJA) lowered income tax rates across all brackets, nearly doubled the standard deduction, and capped the SALT (State and Local Tax) deduction at $10,000. However, these provisions for individuals and families are set to expire at the end of 2025. Trump has promised to make these cuts permanent if re-elected.
Timeline:
✅ 2017: TCJA signed into law
📅 2025: Key provisions expire
💬 2024: Trump renews campaign promise to extend or lock in tax cuts
📜 2023–24: Republican-led bills introduced to extend parts of TCJA
🌴 Impact on Californians (esp. North San Diego):
SALT Deduction Cap: High-income households in North San Diego often pay more in state/local taxes than they can deduct federally due to the $10,000 cap. Making the TCJA permanent without lifting the SALT cap could increase effective tax rates for many residents here.
Middle-Income Households: Families earning under ~$200K in North County could benefit from the extended lower rates and higher standard deduction—maintaining moderate annual savings ($1K–$3K per family).
Small Businesses (Pass-Throughs): Many North San Diego small business owners (especially realtors, consultants, or sole proprietors) benefited from the 20% QBI deduction under TCJA. Making this permanent would preserve those savings.
Child Tax Credit: The expanded child tax credit from TCJA would stay, but not increase—it wouldn’t match 2021 pandemic-era levels.
📚 Sources:
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