US economy to lose nearly 6 million American jobs, $1.1T in GDP if Congress lets Trump tax cuts expire: study

Contributing sentiments towards policy:

64% : "Following the expiration of immediate R&D expensing in 2022, R&D growth in the EU surpassed the U.S. for the first time in nearly a decade, and China's R&D growth tripled our own.
64% : ""With President Trump returning to the White House and Republican majorities in the House and Senate, we must act quickly to ensure we maintain global competitiveness, support investment and innovation and safeguard small businesses and workers," Scalise added.
52% : Congress and President Trump should work expeditiously to stimulate activity this year by acting urgently to give manufacturers the tax certainty they need to plan for long-term job-creating projects.
51% : NAM argued that key pro-manufacturing provisions regarding R&D, capital investments and business loans of the Tax Cuts and Jobs Act of 2017 have already been phased out in 2022 and 2023, and several more provisions, namely the 20% pass-through deduction, individual tax rates and the estate tax exemption threshold, are expected to expire at the end of 2025.

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