Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025.

Key portions of Trump's Tax Cuts and Jobs Act — his marquee 2017 tax-cut law — are set to expire in 2026, including reductions to personal income tax rates.

But Vice President Kamala Harris and former President Trump are making bold proposals beyond those expirations, and the tax code could look substantially different in the coming years from how it looks now.

Here’s a look at some of the major proposals on taxes from the two candidates and what they could mean for different taxpayers.

Trump is fighting to protect his tax cut law

The 2017 tax cuts were one of Republicans’ signature pieces of legislation during the Trump administration. Some Republicans want a clean extension of the 2017 law.

Those cuts lowered various individual income tax rates from 39.6 percent to 37 percent, 33 percent to 32 percent, 28 percent to 24 percent, 25 to 22 percent, and 15 percent to 12 percent.

The lowest bracket was held steady at 10 percent and another wealthier bracket was maintained at 35 percent. Wealthier people tend to receive significant portions of their income in ways that are not legally designated as income, such as through capital gains.

Critics have blasted the law as fuelling economic inequality, which has skyrocketed in recent decades. President Biden said he wants the law to expire, while representatives for the Harris campaign remained mum on her position. Harris, however, has tacked........

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