Listen to audio brief:

A recent report from the Council of Economic Advisers highlights the potential benefits of extending the Trump Tax Cuts. If these cuts are renewed, Americans may experience an increase in take-home pay and a boost in real wages, with estimates suggesting gains of up to $5,000 for median-income households. Conversely, failing to extend these cuts could result in the largest tax increase in history and jeopardize millions of jobs, affecting economic stability.

Original: article