A new House bill, proposed by Republicans seeking to make long-term tax provisions permanent, may result in a significant ‘tax cliff’ when President Trump’s term ends in 2028. This proposal seeks to extend certain tax breaks while allowing others to expire, potentially leading to political and fiscal conflicts ahead of the 2028 election. The Republican-led House aims to make the 2017 Tax Cuts and Jobs Act permanent, but a host of Trump-introduced tax cuts are set to expire by 2028. These include standard deductions, senior deductions, child tax credits, and an exemption on tips, overtime pay, and auto loan interest. The bill’s impact will be debated during the next presidential race as House Freedom Caucus Chair Rep. Andy Harris predicts the issue will be a key talking point.