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President Trump proposes extending and expanding the 2017 tax cuts, adding $1.7 trillion in new cuts.
President Trump seeks to extend and expand the 2017 Tax Cuts and Jobs Act (TCJA), set to expire in 2025, with a Senate proposal to permanently extend its provisions and add $1.7 trillion in new tax cuts, including eliminating taxes on tips and overtime pay.
Trump also proposes tax relief for individuals earning less than $150,000 and eliminating taxes on retirees' Social Security benefits.
These changes could face opposition due to concerns about the growing U.S. deficit and potential cuts to programs like Medicaid.
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El presidente Trump propone ampliar y ampliar los recortes tributarios de 2017, añadiendo $1,7 billones en nuevos recortes.