Unless Congress acts soon, many positive tax reforms authorized by the 2017 Tax Cuts and Jobs Act (TCJA) will soon phase out or expire. (For example, deductions for equipment are at risk of going away completely in 2026.) In this insight, the non-partisan Tax Foundation says if key TCJA provisions aren’t extended, U.S. tax competitiveness will slip further — from No. 22 in 2022 to No. 25 in 2023. 10/24/2022