#TrumpTaxCuts — A Double-Edged Sword?

President Trump's proposed extension of the 2017 tax cuts is making headlines again.

The plan aims to make individual tax cuts permanent and introduce new deductions, including those for manufacturers and auto loans.

However, the proposal faces significant challenges:

The estimated cost of the tax cuts is around $4.5 trillion, raising concerns about the national debt.

Internal GOP divisions over spending cuts and the state and local tax (SALT) deduction cap could hinder the bill's passage.

Critics argue that the tax cuts primarily benefit the wealthy, with Treasury analysis showing that the top 0.1% of earners would receive significant tax breaks.

💬 Do you believe these tax cuts will stimulate economic growth, or are they a step towards increasing inequality?

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