Donald Trump wins presidential election, fate of TCJA looking up | PR Newswire [Video]

Crowe shares what a Trump administration could mean for tax policy and the Tax Cuts and Jobs Act

, /PRNewswire/ — Donald Trump has been elected the 47th president of the United States. Throughout the election season, Trump took to the campaign trail with tax proposals that include making many of the expiring Tax Cuts and Jobs Act (TCJA) provisions permanent. Now the fate of these provisions is in the hands of Congress. Crowe LLP, a public accounting and consulting firm, reveals more on his tax proposals.

“Even though the House is still up for grabs, with Republicans controlling the Senate, Trump is significantly more likely to make good on many of the tax policies he has been campaigning on, including making popular provisions of the expiring TCJA permanent and increasing tariffs,” said Rochelle Hodes, Crowe Washingtonnational tax principal. “Time is ticking for the TCJA, which will take center stage in Congress over the next year. With a …