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President Trump proposes eliminating income taxes for those earning under $150,000, affecting 93% of taxpayers.
President Trump proposes eliminating income taxes for individuals earning under $150,000 annually, affecting 93% of taxpayers.
While this would shift the tax burden to higher earners, experts doubt tariffs can cover lost revenue.
The plan raises concerns about work incentives, budget deficits, and the potential need to cut programs like Social Security or Medicare.
The proposal's practicality and impact on the economy remain uncertain.
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El presidente Trump propone eliminar los impuestos a la renta para aquellos que ganan menos de $150,000, afectando al 93% de los contribuyentes.