Trump Tax Plan Ends In 2025. Former president donald trump added more items to his long list of campaign tax promises, discussing ending income taxes in favor or tariffs and saying he would “think about”. Former president trump, for example, already has endorsed the idea of breaching the debt limit as way to constrain government spending.

A trump win, alongside the gop takeover of the senate, would mean tax rates on the wealthiest and corporations won’t take a significant hit when congress tackles how to. Trump’s tax cuts could expire after 2025.