https://www.taxtmi.com/news?id=30015 Extension of Trump-era individual and estate tax provisions would deliver concentrated benefits to the highest earners while increasing federal deficits; limiting extensions by income threshold would lower total fiscal cost and alter benefit distribution. Legislative options-including eligibility caps, targeted wage exemptions, temporary increases to state and local tax deduction limits, or rollbacks of energy tax credits-represent trade-offs between distributional outcomes and deficit impact and are presented to inform congressional choices among scope, offsets, and fiscal priorities. en-us Fri, 10 Jan 2025 22:01:04 +0530 Fri, 10 Jan 2025 22:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30015 Extension of Trump-era individual and estate tax provisions would deliver concentrated benefits to the highest earners while increasing federal deficits; limiting extensions by income threshold would lower total fiscal cost and alter benefit distribution. Legislative options-including eligibility caps, targeted wage exemptions, temporary increases to state and local tax deduction limits, or rollbacks of energy tax credits-represent trade-offs between distributional outcomes and deficit impact and are presented to inform congressional choices among scope, offsets, and fiscal priorities. News - Fri, 10 Jan 2025 22:01:04 +0530 https://www.taxtmi.com/news?id=30015