With the recent expiration of the 2017 Tax Cuts and Jobs Act in December 2025, we have an important opportunity to reassess how our tax system works and who it works for. Tax policy should promote economic growth while ensuring fairness and responsibility. Working families and the middle class should not be left carrying the burden while some of the largest and most profitable corporations are able to avoid paying what they owe. A balanced and responsible tax system must ensure that success in our economy also comes with a fair contribution to the country that makes that success possible.

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That means putting in place common-sense measures that ensure corporations pay their fair share. Enforcing a 15 percent Corporate Alternative Minimum Tax will help prevent highly profitable companies from using complex accounting strategies to reduce their tax bills to near zero. At the same time, adjusting the corporate income tax rate to 25 percent would help restore balance while still keeping the United States competitive in the global economy. We must also close the loopholes that allow corporations to shift profits or exploit gaps in the tax code to avoid their obligations.

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We must also think ahead about the future of the global economy and how emerging technologies will shape government revenue. Strengthening the global minimum tax rate to at least 15 percent will help prevent multinational corporations from shifting profits overseas to avoid taxation. At the same time, policymakers must carefully examine how the growing use of artificial intelligence and automation could affect the workforce and future tax revenue streams. By taking a thoughtful and forward-looking approach, we can build a tax system that supports innovation while ensuring that prosperity is shared and that our nation has the resources needed to invest in its future.