The main problems and that benefit

While negotiations accelerate for the president Donald Trumpthe tax agenda, there is key problems To look, according to political experts.

The Chamber's Ways and Meaning Committee, which oversees taxes, published a partial preliminary text From its part of the bill on Friday evening. However, the bill could change considerably before the final vote. The full committee Debate and advance This legislation on Tuesday.

With the control of the White House and the two Congress Chambers, republican legislators can pass the Trump package without democratic support via a process called “reconciliation“This bypassing the Senate's filibustier with a simple majority vote.

But reconciliation involves several stages, and the proposals must adapt to a budgetary framework. This could be delicate given the competing priorities, according to experts.

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“The narrow majority (republican) in the House will make this process very difficult” because a handful of votes can block the bill, said Alex Muresianu, analyst of senior policies at the Foundation tax.

In addition, some legislators want a “more responsible tax package”, which could have an impact on individual provisions, according to Shai Akabas, vice-president of the economic policy of the Bipartisan Policy Center.

While negotiations continue, here are some key tax proposals that may have an impact on millions of Americans.

The preliminary text of the houses and means of the house includes temporary and permanent improvements beyond TCJA. These include increases in the standard deduction, children's tax credit, adjustments to the inflation of the tax tranche, exemption from successions and business deduction, among others.

Some legislators also put pressure for greater tax reductions than what is currently offered via the provisions of TCJA.

“THE Children's tax credit is the one we look at very closely, “said Akabas.” There is a lot of bipartite agreement on preservation and, hopefully, widen it. “”

TCJA has temporarily increased the maximum children's tax credit to $ 2,000 against $ 1,000 per child under the age of 17 and increased eligibility. These changes are provided at sunset after 2025.

The house in February 2024 adopted a bipartite bill To extend the children's tax credit, which would have stimulated access and reimbursement. The bill did not erase the SenateBut the Republicans expressed their interest in revisiting the question.

The text of the first ways and means of the house offers to extend the maximum children's tax credit to $ 2,500 per child for four years from 2025.

Another TCJA provision – the limit of $ 10,000 deduction for state and local taxesKnown as “salt” – was added to 2017 legislation to help finance other tax reductions. This provision will also expire after 2025.

Before the change, the declarants who detailed tax alleviation could claim an unlimited deduction for salt. But the so-called Minimum alternative tax has reduced the advantage for certain higher employees.

Salt the salt cap been a priority For some legislators of high tax states such as California, New Jersey and New York. In a policy reversal, Trump also Expressed support For a more generous deduction of salt.

“If you increase the ceiling, the people who benefit the most will be an average income higher”, because the lower employees do not generally detail tax deductions, Howard Gleckman, Main Bungey at the BrooKings Urban Tax Policy Center CNBC previously said.

The deduction of salt was absent from the preliminary text of the houses and means of the house. But Congress negotiations are in progress.

In addition to TCJA extensions, Trump has also recently Renewed calls For additional tax reductions, he launched on the campaign track, in particular No tax on advicetax free overtime salary and tax exempt Social security services. These ideas were not yet included in the text of the first ways and means.

However, there are persistent questions about the details of these provisions, including possible railings to prevent abuse, according to experts.

For example, you can see a doubtful “income reclassification” so as not to have advice or overtime tax, said Muresianu. “But there are ways to alleviate damage.”