States, families, and businesses will face major financial and economic upheaval if the U.S. Congress allows the 2017 Tax Cuts and Jobs Act (TCJA) to expire at the end of this year, according to a new report released Thursday by National Taxpayers Union Foundation. From a tax hike on 80% of U.S. families, to the loss of pro-growth business provisions, to automatic reversion to pre-TCJA law leading to massive confusion, the effects will cascade through the tax codes of all 50 states and Wa...
