#特朗普税改 The "Tax Cut 2.0" plan promoted by the Trump administration
emphasizes that this plan will lower corporate taxes, exempt tips and overtime pay
and make some tax cuts permanent, aimed at enhancing the competitiveness of the U.S. economy
and preventing a $5 trillion tax increase effect after the expiration of the 2017 tax reform measures.
Bessent also emphasized that the government will fill the fiscal gap after the tax cuts
through tariff revenue and reductions in federal spending,
but there are concerns that this may lead to an expansion of the U.S. fiscal deficit
and trigger more economic uncertainty.
The Trump administration's tax cut plan was designed by a
Big Six team consisting of the Treasury Department,
the National Economic Council (NEC), congressional leaders, etc.
The goal is to maintain a GDP growth of over 3% in the U.S. economy for the next 10 to 20 years.
Here are the main tax cut measures:
Corporate tax reduced to 15%:
Allow U.S. businesses to have more funds to continue developing and enhance competitiveness.
Tips and overtime pay exempt from tax:
Increase disposable income for service industry and low-wage workers.
Social Security Benefits exempt from tax:
Alleviate the tax burden on retirees.
15% tax rate on "Made in America" goods:
Encourage companies to bring production back to the U.S.
U.S. Treasury Secretary Bessent emphasized:
"This is not just a tax cut, but making these tax cuts permanent,
ensuring that businesses and individuals can benefit in the long term,
eliminating economic uncertainty."