​​​Tax Reform

Congress will likely consider a variety of tax proposals in 2025 when significant portions of the Tax Cuts and Jobs Act of 2017 expire. Transamerica will continue to anticipate and respond to tax proposals that would adversely impact our customers, our products, our compnay and our industry, including proposals to: increase the corporate tax rate; limit corprate deductions and exclusions; create a financial transactions tax; create a "wealth tax" to tax unrealized gains of some taxpayers; tax life insurance proceeds; limit the size of life insurance and annuity products; and more.