Election 2024: Overview of Tax Policies

Tax policy has emerged as a central topic in the 2024 US presidential election because it directly affects the financial well-being of individuals, businesses, and the overall economy. It not only determines government revenue and public spending on critical services like education, healthcare, and infrastructure but also plays a vital role in addressing economic inequality, fostering business growth, and managing national debt. As a result, tax policy serves as a key indicator of how a candidate plans to manage the economy, making it a significant issue for voters when choosing their leaders.

The Tax Foundation has created a tool to monitor the tax policies proposed by the presidential candidates throughout their campaigns.

The tracker will be regularly updated as candidates release more detailed tax plans in the coming weeks. Click this link to explore in-depth analyses of their proposed tax policies: Harris Tax Plan vs. Trump Tax Plan | Election 2024 (taxfoundation.org)

Have a question about the presidential tax plans? Contact your tax professional for guidance.

Source: taxfoundation.org
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