SEN. MOODY (R-FL) ON TAX CUTS IN THE ONE BIG BEAUTIFUL BILL ACT
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“SEN. MOODY (R-FL) ON TAX CUTS IN THE ONE BIG BEAUTIFUL BILL ACT”
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This storyWhat's the highest top U.S. federal income tax rate ever set?
- 70%
- 77%
- 81%
- 94%
Guess, then reveal the answer
94%
The 2017 Trump tax cuts expire in 2025 without new legislation!
The Tax Cuts and Jobs Act of 2017 was built with a sunset clause — most individual cuts lapse after 10 years. The 'One Big Beautiful Bill' aims to make those cuts permanent, mirroring Reagan's push to cement his 1981 ERTA tax cuts into law.
The last big U.S. tax overhaul before 2017 was Reagan's in 1986!
Reagan's Tax Reform Act of 1986 passed 97-3 in the Senate, cutting the top rate from 50% to 28%. The 2017 Tax Cuts and Jobs Act — which the One Big Beautiful Bill seeks to extend — was the first major overhaul since.
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This storyBefore the 2017 tax overhaul, when was the last major US tax reform?
- 1964
- 1986
- 1997
- 2001
Guess, then reveal the answer
1986
This storyShould Social Security benefits be exempt from federal income tax?
