Technologies
Extending the 2017 Trump Tax Cuts? Here’s Who Might and Might Not Benefit
Republicans in both chambers of Congress have passed plans to extend the 2017 Trump tax cuts, which continue to face fierce criticism for favoring the wealthy.
It’s not just the tariffs. President Donald Trump’s economic plans also call for an extension of his 2017 tax overhaul before it expires. These changes — commonly known as the «Trump tax cuts» — lowered tax rates and increased the value of certain tax incentives but also have been a political lightning rod over the years because of their benefits for corporations and the wealthy. It’s the sort of heated discourse that can leave the basic facts of the bill a bit murky.
That 2017 tax plan, officially known as the Tax Cuts and Jobs Act, was one of the signature legislative accomplishments of Trump’s first term, and passing an extension has been a priority for the president since he entered his second term. While extending the cuts carries a big estimated price tag, Trump administration officials have suggested that newly imposed tariffs could raise enough money to cover the cost of extending the tax cuts, an important consideration in the budget reconciliation process. But the clock is ticking: Many of its provisions are set to expire by the end of 2025 without action from Congress.
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That action is getting underway. As of April 10, the House and Senate have passed separate versions of a plan that would extend Trump’s tax cuts and slash more government spending to pay for them. The situation remains contentious, as shown by the slim margins by which the bills passed: 216-212 in the House, and 51-48 in the Senate. With two bills passed, they will now be merged in a process known as «reconciliation,» which can help Republicans bypass the 60-vote limit usually needed to overcome a filibuster. While the GOP has characterized extending the tax cuts as a bid for stability that will benefit everyone, Democrats have long countered that the benefits of the Tax Cuts and Jobs Act are overly weighted toward the wealthiest taxpayers.
For all the details about why there might be some truth to both statements, keep reading, and stick around to the end to find out how much it might cost. For more, find out if Trump could actually abolish the Department of Education.
What would extending the Trump tax cuts mean?
While the phrase «Trump tax cuts» has become a common media shorthand for the Tax Cuts and Jobs Act, the current conversation around it might suggest that new cuts could be on the way. Although Trump has floated ideas for additional cuts, it’s important to note that extending the 2017 provisions would for the most part keep tax rates and programs at the levels they’ve been at since then.
So while it may be a better option than having the provisions expire — which would increase certain tax rates and decrease certain credits — extending the tax cuts most likely won’t change how you’ve been taxed the past eight years. However, some estimates have predicted that extending the cuts would boost income in 2026, with the conservative-leaning Tax Foundation in particular predicting a 2.9% rise on average, based on a combination of other economic predictions combined with tax rates staying where they are.
What would change if the Trump tax cuts expire?
Republicans contend that the tax cuts helped a wide swath of Americans, and the Tax Foundation predicted that 60% of tax filers would see higher rates in 2026 without an extension.
A big part of that has to do with tax bracket changes. The 2017 provisions lowered the income tax rates across the seven brackets, aside from the first (10%) and the sixth (35%). If the current law expires, those rates would go up 1% to 3%.
Income limits for each bracket would also revert to pre-2017 levels. Lending credence to the Democrats’ counterarguments, these shifts under the Trump tax cuts appeared to be more beneficial to individuals and couples at higher income levels than to those making closer to the average US income.
If you’re interested in the nitty-gritty numbers, you can check out the Tax Foundation’s full breakdown. Another point in Democrats’ favor? The Tax Cuts and Jobs Act also cut corporate tax rates from 35% to 21%, and unlike many of its other provisions, this one was permanent and won’t expire in 2026.
The cuts also capped the total amount that taxpayers can deduct based on «state and local property, income, and sales tax,» otherwise known as SALT, at $10,000. There was previously no limit, and as Lisa Greene-Lewis, a tax prep expert and analyst for TurboTax, told CNET in an email correspondence, this is a policy that could be detrimental to certain taxpayers if the TCJA is extended.
«Filers living in states with high state and property taxes are capped at a $10,000 deduction for total state and local property, income and sales tax — even when many of them may pay way beyond that amount,» Greene-Lewis explained. «If this part of the provision went back to the way it was prior to the Tax Cuts and Jobs Act (TCJA) without caps, filers in states with high state and property taxes would be able to deduct the full amounts paid.»
Greene-Lewis also noted that there is talk about removing the SALT cap from the plan to extend the TCJA.
What would happen to the standard deduction?
This is another area in which a lot of people would be hit hard. The standard deduction lets taxpayers lower their taxable income, as long as they forgo itemizing any deductions.
For the 2025 tax year, the standard deduction is $15,000 for individual filers, and $30,000 for joint filers. If the tax cuts expire, these numbers will drop by nearly half, down to $8,350 for individuals and $16,700 for joint filers.
What would happen to the child tax credit?
The child tax credit is one of the most popular credits out there. Its current levels — $2,000 per qualifying child, which phases out starting at a gross income of $200,000 for single filers and $400,000 for joint filers — were actually set by the Tax Cuts and Jobs Act.
If an extension or new bill isn’t passed, next year the child tax credit would revert to its old levels: $1,000 per child, which starts phasing out at $75,000 for single filers and $110,000 for joint filers.
Do the Trump tax cuts really favor the wealthy?
As mentioned above, higher-income individuals and couples made out notably better with the changes the Trump tax cuts made to tax brackets. Overall, numerous estimates have predicted that the wealthiest Americans would experience a greater proportion of the benefits, with the Urban-Brookings Tax Policy Center specifically estimating that households making more than $450,000 a year would reap around 45% of the tax cut benefits.
How much would extending the tax cuts cost?
Tax cuts more favorable to the wealthy are a big part of why some analysts say extension of the Trump tax cuts would add trillions of dollars to the national debt. An early estimate from the Tax Policy Center in 2018 found that extending the provisions through 2038 would add $3.8 trillion to the US deficit. A 2024 estimate from the Committee for a Responsible Federal Budget predicted that it would add $3.9 trillion to $4.7 trillion to the deficit through 2035, depending on which provisions were included.
The blueprint passed by the House last week included about $4.5 trillion in tax cuts, to be supported by $1.5 trillion in further government spending cuts. The rest would either go to the deficit or have to be made up for with additional cuts, adding fuel to the concerns that Republicans intend to substantially cut funding for Medicare, Medicaid and Social Security to pay for their tax plans.
For more, find out if IRS layoffs will hurt your tax return.
Technologies
Today’s NYT Mini Crossword Answers for Friday, April 18
Here are the answers for The New York Times Mini Crossword for April 18.
Looking for the most recent Mini Crossword answer? Click here for today’s Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.
Today’s NYT Mini Crossword is maybe a medium-difficulty puzzle. For every clue I couldn’t figure out, like 1-Across, there was a nice easy one, like 2-Across. Need some help with today’s Mini Crossword? Read on. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.
The Mini Crossword is just one of many games in the Times’ games collection. If you’re looking for today’s Wordle, Connections, Connections: Sports Edition and Strands answers, you can visit CNET’s NYT puzzle hints page.
Read more: Tips and Tricks for Solving The New York Times Mini Crossword
Let’s get at those Mini Crossword clues and answers.
Mini across clues and answers
1A clue: Lack of practice, metaphorically
Answer: RUST
5A clue: The width of your thumb, if you need a rough approximation
Answer: INCH
6A clue: It has many private entries
Answer: DIARY
8A clue: Disc golfer’s obstacle
Answer: TREE
9A clue: Emoji that can mean «I’m intrigued»
Answer: EYES
Mini down clues and answers
1D clue: Dispose (of)
Answer: RID
2D clue: Bring together
Answer: UNITE
3D clue: Like graveyards at night
Answer: SCARY
4D clue: Shortest allowable number of letters for a New York Times crossword answer
Answer: THREE
7D clue: «Totally with you!»
Answer: YES
How to play more Mini Crosswords
The New York Times Games section offers a large number of online games, but only some of them are free for all to play. You can play the current day’s Mini Crossword for free, but you’ll need a subscription to the Times Games section to play older puzzles from the archives.
Technologies
Nike Workout Shoes With Compression and Heating Will Cost $900
The Nike Hyperboot shoes will be available next month and are intended to help you warm up before and recover after workouts.
Those warmup compression shoes Nike and Hyperice showed off at CES 2025 finally have a launch date and price. The Hyperboot will be available to buy online in North America starting May 17, for a cost of $899.
The high-tops, which Nike and Hyperice say are a wearable much like your smartwatch, help your feet warm up before and recover after a workout. The footwear does this with heating and air-compression massage technology right there in your shoes, taking the idea of heating pads and compression socks and making them mobile.
CNET former mobile senior writer Lisa Eadicicco got the chance to try these shoes on in January.
«You can definitely feel the heat in here,» Eadicicco said at the time, as she walked across a demo room in Las Vegas wearing the fancy footwear. The boots massage and compress your ankles and feet, and in CNET’s test, we could especially feel the heat around the ankles.
Buttons on the shoes let you adjust compression and the amount of heat, with multiple settings for each.
«The Hyperboot contains a system of dual-air bladders that deliver sequential compression patterns and are bonded to thermally efficient heating elements that evenly distribute heat throughout the shoe’s entire upper,» Nike explains.
The battery lasts for 1 to 1.5 hours on max heat and compression settings, or 8 hours if you’re only using the massage setting. It takes 5 to 6 hours to charge via USB-C cable. The boots come in five sizes: S, M, L, XL and XXL.
Technologies
Marvel Rivals’ New Costume Customization Is Fairly Priced, but There’s a Problem
A couple dollars isn’t much to pay for in-depth skin customization, but you can’t spend your existing Units on the new feature.
Marvel Rivals’ latest Season 2 feature is targeted at all the fashionistas out there. Costume customization lets players change the color palette of their skin, creating a new in-game look that suits them best.
The new palette swap customization isn’t free and isn’t available on every skin, though more skins will be available to customize as time goes on. Four reskins shipped with the feature’s introduction.
Unlocking costume customization will cost you the in-game currency equivalent of $6 per skin, but you can freely change the color to any variation released for a skin you bought customization on as they are released.
The pricing of these reskins is actually generous compared with Rivals’ largest competitor: Overwatch 2. Palette-swapped legendary reskins in Blizzard’s first-person hero shooter have typically cost just as much as the original skin, and unlocking the black-and-gold customization for special Mythic skins costs the equivalent of $20.
The $6 price tag for Marvel Rivals costume customization is a tame monetization practice in comparison. But the biggest problem with the new feature isn’t the price tag — it’s the introduction of Unstable Molecules, which feels like an unnecessary additional currency introduced to lure players into spending more money.
Marvel Rivals is developing a currency bloat problem
There were already three separate currencies to manage in the game, alongside the occasional addition of special tokens that let players interact with limited-time events like Galacta’s Cosmic Adventure.
Of the three existing currencies, most players will interact with Chrono Tokens, the purple currency, as it’s available to free-to-play Marvel Rivals players. These tokens unlock rewards on the battle pass. Whereas most games have experience points that unlock battle pass tiers, Chrono Tokens are a currency that disappears at the end of a season.
Units and Lattice are the current premium currencies in Marvel Rivals. Lattice is the gold coin that you directly pay — most microtransactions convert your money into this currency to spend in-game, at a rate of $1 to 100 Lattice.
Units, the blue currency, are what you need to buy most of the premium costume bundles in the game — so you need to convert your Lattice to Units at a one-to-one exchange rate when you’re buying costumes.
That brings us to the new cosmetics system. As if that wasn’t overly complicated enough, costume customization now requires a new currency: Unstable Molecules. Unstable Molecules aren’t Units, but they might as well be. You exchange Lattice to Unstable Molecules at the same one-to-one rate.
The only difference between these currencies is that you use Units to purchase costumes, emotes, sprays and account name changes, and you use Unstable Molecules to purchase the costume customization feature for skins you already own.
The decision to add another currency for no reason needlessly complicates Marvel Rivals’ microtransactions — and the system was already pretty opaque as it stands. Maybe that’s by design, as trading in multiple fictional currencies helps obscure the real dollar cost that players are sinking into their in-game cosmetics.
The addition of Unstable Molecules feels like an anti-consumer move. The costume customization prices are fair when you compare them with the competition’s asking prices for similar cosmetic tweaks, but the new feature should be bought and paid for with Units. There’s no need to add another currency to Marvel Rivals, unless the entire point is to create another way to obfuscate and inflate player spending.
How to unlock costume customization in Marvel Rivals
You can rock palette-swapped versions of some of your favorite Marvel Rivals costumes right now. Costume customization is live in Marvel Rivals — for a handful of skins. Here are the skins the new feature is compatible with right now:
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Magik Punkchild: Rosy Resilience skin variant
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Psylocke Vengeance: Phantom Purple skin variant
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Luna Snow Mirae 2099: Plasma Pulse skin variant
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Winter Soldier Blood Soldier: Winter’s Wrath skin variant
Each costume customization is available for purchase for 600 Unstable Molecules. The customizations are purchasable as part of the costume’s listing under the store tab in the main menu. You need to own the base skin before you can purchase the costume customization color variants.
Unstable Molecules are currently only available in a one-to-one exchange with the Lattice premium currency, but the costume customization announcement in the official Marvel Rivals Discord server mentioned that there will be new ways to earn Unstable Molecules in Season 3.
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