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OFFICIAL PUBLICATION OF THE UTAH BANKERS ASSOCIATION

April 29, 2025

The Bottom Line

Congress must pass tax reform this year, or taxes are going to go up for millions of individuals and businesses in America. To pass tax reform and extend the 2017 tax cuts, Congress must make some tough decisions and find ways to “pay for” extending those cuts. Their job will get even harder if they are going to include some of the president’s campaign promises, like taking taxes off tips or social security payments.

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