Yale Law School Today, Budget Lab Panel Examines the Coming Tax Debate:

Next year, many provisions of President-elect Trump’s signature tax law from his first term, the Tax Cuts and Jobs Act (TCJA), will expire. Because of this, tax policy is expected to be a key focus for the new Congress.

On Nov. 20, The Budget Lab at Yale, a policy research center at the Law School, hosted a panel discussion on what the tax policy debate next year may look like. Moderated by Budget Lab Executive Director Martha Gimbel, the panel featured Rachel Snyderman, managing director of the economic policy program at the Bipartisan Policy Center; Kyle Pomerleau, senior fellow at the American Enterprise Institute; and Michael Linden, senior policy fellow at the Washington Center for Equitable Growth. …

Over the course of the presidential campaign, President-elect Trump proposed historically large tariffs, as well as specific tax exemptions for tips, overtime wages, Social Security benefits, car loan interest, and police officers, firefighters, veterans, and active duty military. The Budget Lab has analyzed the revenue effects of many of these policies and will continue to publish new analyses as the policy debate unfolds.

The panel drew a standing-room-only crowd, in addition to nearly 100 watching the livestream. 

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There was broad agreement that the TCJA would most likely be extended, at least in part.