The resolution urges the United States Congress to permanently extend the Tax Cuts and Jobs Act of 2017, highlighting its positive impact on the economy prior to the COVID-19 pandemic. It notes that the tax cuts resulted in significant economic growth, job creation, and increased household income, benefiting over 100 million American taxpayers, particularly those in the middle and working classes. The resolution emphasizes that key provisions of the tax cuts, including reductions in personal income tax rates and the cap on the state and local tax (SALT) deduction, are set to expire after December 31, 2025, which could lead to higher taxes and reduced competitiveness for American businesses.

Furthermore, the resolution expresses concern that allowing the tax cuts to expire would result in a substantial tax increase for American taxpayers, a decline in job opportunities, and increased prices for consumers. It calls for the extension of the tax cuts alongside necessary spending cuts to prevent an increase in the federal debt burden, reflecting the majority support among Americans for making the 2017 tax cuts permanent.