Jorge Castro, former Counselor to the IRS Commissioner and Congressional tax counsel, commented on the lead-up to the presidential election, highlighting the differences in tax proposals from Donald Trump and Kamala Harris. With many key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, Congress faces critical negotiations that could significantly alter the tax outlook for many Americans and businesses – small and large. Castro noted, "Limiting a deduction for pass-through businesses could also be on the table, but probably not congressional leaders' first option for raising revenue, since the small-business message is always very strong on Capitol Hill, and members of Congress are going to want to go to bat for that sector." As discussions unfold, the potential for increased taxes looms large, particularly in a divided government scenario.