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🛑BREAKING NEWS 🛑: Trump Proposes Top Tax Rate Hike for Ultra-Wealthy 💸
President Trump is pushing to raise taxes on top earners to offset broader tax cuts in his economic plan, per Odaily. The proposal:
39.6% tax rate for individuals earning $2.5M+ yearly or couples making $5M+ 📈
Reverses his 2017 tax cuts, restoring the pre-Trump era top rate (current: 37%)
Aims to scrap the carried interest loophole for private equity/VC managers 💼
The plan, discussed in a Wednesday call with House Speaker Johnson, faces Congress hurdles. Stay tuned for updates!
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President Trump is pushing to raise taxes on top earners to offset broader tax cuts in his economic plan, per Odaily. The proposal:
39.6% tax rate for individuals earning $2.5M+ yearly or couples making $5M+ 📈
Reverses his 2017 tax cuts, restoring the pre-Trump era top rate (current: 37%)
Aims to scrap the carried interest loophole for private equity/VC managers 💼
The plan, discussed in a Wednesday call with House Speaker Johnson, faces Congress hurdles. Stay tuned for updates!
#TaxReform #EconomyCheck #CryptoCommunity 🏛️ #Write2Earn
$BTC
$BNB
Don't miss out📌📌📌👇👇
Click to claim free bnb📌📌🚀
Are Trump’s tariffs reshaping global trade?
🌐 From rising prices 📈 to shifting industries 🏭 — are they a bold economic move or a risky gamble?
🤔 What’s your take?
#TrumpTariffs #EconomyCheck $BTC $ETH
🌐 From rising prices 📈 to shifting industries 🏭 — are they a bold economic move or a risky gamble?
🤔 What’s your take?
#TrumpTariffs #EconomyCheck $BTC $ETH
📈🇺🇸🇨🇳 The #USChinaTradeTalks are back in focus as top officials from both nations meet this week to navigate rising tensions and forge a path toward economic stability. With global supply chains, tariffs, and tech exports on the table, the outcome could have far-reaching consequences for markets worldwide. Investors are watching closely, hoping for progress and clarity. Will cooperation prevail over competition? Stay tuned as the world's two largest economies attempt to reset the tone of their complex relationship. 🌍🤝 #GlobalTradeImpact #EconomyCheck #Geopolitics
TariffTruthCheck 🚨
Trump’s Take vs. Economic Reality
Trump says tariffs are bringing in record-breaking revenue — and technically, that’s true. With new tariffs on China, steel, aluminum, and more on the table, government income from tariffs is up.
But here’s the catch: it’s U.S. importers, not China, footing the bill. And when costs rise for businesses, they often pass that on to consumers.
“Prices are going down,” Trump claims...
Sure, inflation dipped slightly in March — overall prices fell 0.1%, mainly thanks to cheaper gas and used cars.
But dig deeper:
Grocery prices? Still climbing.
In March, food prices rose 0.5%
Eggs? Over $6/dozen
Analysts estimate new tariffs could cost the average family an extra $185/year just on groceries
Gas is cheaper... for now.
Falling gas prices helped soften inflation, but with proposed tariffs on oil imports from Canada and Mexico, that could flip. Experts warn of a potential 5% jump at the pump if they go through.
Core inflation is slowing, which is good.
Excluding food and energy, inflation is the lowest it’s been since 2021 — a hopeful sign that the Fed’s policies are making a dent. But relief hasn’t hit everyone yet.
Markets are reacting — and not in a good way.
With renewed tariff talk, Wall Street’s on edge:
Stock prices slipping
Gold surging
Investors bracing for economic turbulence
---
So yes, Trump’s not entirely wrong — tariffs are generating revenue. But zoom in, and it’s clear the picture is more complex. While some prices are falling, key costs like food are rising. And the longer-term impact of these tariffs could be much deeper than it seems right now.
#EconomyCheck #TariffsExplained #PowellRemarks #VoteToDelistOnBinance
Trump says tariffs are bringing in record-breaking revenue — and technically, that’s true. With new tariffs on China, steel, aluminum, and more on the table, government income from tariffs is up.
But here’s the catch: it’s U.S. importers, not China, footing the bill. And when costs rise for businesses, they often pass that on to consumers.
“Prices are going down,” Trump claims...
Sure, inflation dipped slightly in March — overall prices fell 0.1%, mainly thanks to cheaper gas and used cars.
But dig deeper:
Grocery prices? Still climbing.
In March, food prices rose 0.5%
Eggs? Over $6/dozen
Analysts estimate new tariffs could cost the average family an extra $185/year just on groceries
Gas is cheaper... for now.
Falling gas prices helped soften inflation, but with proposed tariffs on oil imports from Canada and Mexico, that could flip. Experts warn of a potential 5% jump at the pump if they go through.
Core inflation is slowing, which is good.
Excluding food and energy, inflation is the lowest it’s been since 2021 — a hopeful sign that the Fed’s policies are making a dent. But relief hasn’t hit everyone yet.
Markets are reacting — and not in a good way.
With renewed tariff talk, Wall Street’s on edge:
Stock prices slipping
Gold surging
Investors bracing for economic turbulence
---
So yes, Trump’s not entirely wrong — tariffs are generating revenue. But zoom in, and it’s clear the picture is more complex. While some prices are falling, key costs like food are rising. And the longer-term impact of these tariffs could be much deeper than it seems right now.
#EconomyCheck #TariffsExplained #PowellRemarks #VoteToDelistOnBinance
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