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We’re kicking off a series of Q&A’s with key tax writers to track all things 2025 in the months to come. Here's what Mike Thompson said.

Mike Thompson talks 2025 tax gauntlet

Washington is already getting ready for a huge swath of the Trump tax cuts to expire at the end of 2025, and we’re right there with ’em.

So we’re kicking off a regular series of Q&A’s with key tax writers to track all things 2025 in the months to come. We started with California Rep. Mike Thompson, the top Democrat on the House Ways and Means Committee’s tax panel.

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Presented by The Coalition to Project American Jobs

It’s taking the IRS years to process a small business tax credit. 1M+ small business owners who filed for the Employee Retention Credit are stuck in backlog or waiting on payment for their claims. Tell the IRS to lift the moratorium now.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.