Mike Crapo's Key Role in Shaping the 2025 Tax Agenda alongside Trump

ICARO Media Group
Politics
07/11/2024 20h03

### Mike Crapo Set to Tackle 2025 Tax Agenda with Trump

As the transition of power continues in the White House, all eyes are on Capitol Hill, where Idaho Republican Mike Crapo is poised to play a crucial role in next year's massive tax agenda. In a pivotal position, Crapo is expected to become the head of the Senate Finance Committee, making him a key player in dealing with the expiration of some $4 trillion in tax cuts.

Crapo's partnership with former and future President Donald Trump will be essential as they work to extend the 2017 Tax Cuts and Jobs Act. Despite his mild and detail-oriented nature contrasting sharply with Trump’s more flamboyant style, Crapo is seen as a consensus builder within the GOP caucus. His experience and approach will be critical in navigating the complex tax landscape and pushing a bill through Congress.

Widely respected for his intelligence and hands-on legislative style, Crapo is not one to leave policy details to his staff. His cautious demeanor, however, has led some insiders to question whether his risk-averse nature might hinder difficult decision-making. Earlier this year, Crapo's opposition to a bipartisan tax agreement, which aimed to expand the Child Tax Credit and business tax breaks, created tension both within his party and with Democrats.

With a likely slim Republican majority in the Senate—52 seats to Democrats' 42, with a few races still undecided—Crapo's consensus-building skills will be tested. His role as the Republicans' chief deputy whip has prepared him to count votes effectively, a crucial skill given the potential for tight margins on key votes.

Crapo has remained mostly silent on Trump's recent tax-cut proposals, opting not to publicly comment. However, he has defended the 2017 tax legislation, arguing that it offered substantial benefits across income levels and cautioning against future tax hikes on working families.

While Crapo's traditional Republican ideology aligns with low taxes, he has not been closely associated with a specific tax policy. He has also consistently argued that pro-growth tax cuts do not need to be offset by savings, a stance that might clash with House Republicans concerned about the federal deficit.

Furthermore, Trump's proposal to fund income tax cuts through increased tariffs may set the two at odds. Crapo, a free-trade advocate, has expressed skepticism regarding aggressive tariff policies, emphasizing the critical role of trade for both economic and national security.

As the Finance Committee's future head, Crapo's approach and decisions will significantly influence the outcome of the 2025 tax agenda. Whether his measured style can coexist with Trump's bold plans remains a question as they navigate the coming legislative landscape.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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