#TrumpTaxCuts
Republicans are racing to extend Trump’s 2017 tax cuts before they expire in late 2025. They aim to make them permanent, adding new exemptions for manufacturers and tipped workers. However, the projected cost—between $4 and $11 trillion—has sparked internal GOP divisions. Disagreements focus on how to offset the costs, especially regarding cuts to programs like Medicaid and green energy tax credits. Critics argue the extensions would primarily benefit wealthy households and worsen the national debt. Pressure is mounting to finalize a legislative package by Memorial Day, though intense negotiations continue. The debate will shape the U.S. economic landscape significantly.