Jorge Castro, former Counselor to the IRS Commissioner and Congressional tax counsel, discussed during a Bloomberg Government Tax Policy panel the Republican party's focus on extending Trump-era tax cuts set to expire in 2025, and the challenges they face, including Congressional skepticism about using tariffs to offset the cost of the tax cuts. While President-elect Trump suggested tariffs could help fund the Tax Cut and Job Acts of 2017 (TCJA) extension, Republicans have raised concerns with this approach, fearing it could harm the U.S. economy and consumers. Republicans have set an ambitious 100-day timeline the moment President Trump takes office to pass the TCJA extensions using budget reconciliation. That said, it will likely take time for Republicans to debate thorny tax and budget issues, and Democrats will also be vocal about their opposition to tax proposals, which will add pressure on Republicans. Castro noted, "Democrats also do have a voice in this process," highlighting the political challenges with passing major tax legislation under budget constraints.