If GOP Overhauls Taxes, What Popular Tax Breaks Are At Risk?

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When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they’re talking about eliminating some very popular tax breaks enjoyed by millions of people.

That’s why making big changes to tax laws is so hard – and why it hasn’t been done for 30 years.

Unless Congress simply cuts taxes for everyone, there will be winners and losers, and the losers won’t go quietly. If Congress does cut taxes for everyone, lawmakers risk exploding an already large budget deficit.

President Donald Trump has said he will make public a tax proposal in the coming weeks. Republicans in Congress are also working on plans, with the House GOP taking the lead.

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