🔥 #TrumpTaxCuts : Trump's tax cuts in the crosshairs!​

📈 Recent facts:

President Trump proposes to exempt income below 150,000 $ per year from taxes, including tips, overtime, and Social Security benefits.

The estimated cost of these tax cuts could reach $4.5 trillion over 10 years, raising concerns about the increase in the federal deficit.

Divisions within the Republican Party are emerging, with some members opposing the increase in the state and local tax (SALT) deduction cap. ​

🔍 Quick analysis: Although these proposals aim to lighten the tax burden on middle-income households, they could exacerbate the budget deficit and lead to cuts in essential social programs.​

🎯 Conclusion: The #TrumpTaxCuts could transform the American tax landscape, but at what cost? Stay informed of upcoming developments.​

#TrumpTaxCuts #TaxationUSA #BinanceSquare