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2024

Project 2025 will radically revise taxes. You're not going to like it

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It’s not surprising that the 900+ pages of Project 2025, the extremist government blueprint cooked up by Donald Trump’s allies at The Heritage Foundation, include changes to the tax system. Taxes are always high on the list of Republican concerns. During Trump’s time in the White House, his biggest priority was a huge tax cut for corporations and billionaires that Republicans raced to pass in 2017, mere months after Trump sat down in the Oval Office. 

Republicans are now trying to extend that tax cut, at a cost of adding $4.6 trillion to the deficit over the next decade. But the Project 2025 plan goes much further than simply extending these cuts.

Trump's deceptive “no tax on tips” scheme isn't in there. Neither is replacing the income tax with an all-tariff system, as Trump has proposed. That idea is “dangerously foolish,” would generate massive economic disruption including a tidal wave of inflation, and simply would not raise enough money, even with radical spending cuts.

But what’s in the Project 2025 plan is plenty bad enough—it’s a plan designed to lift the tax burden from the wealthy, and land it on the backs of working-class Americans.