#TrumpTaxCuts As of April 2025, President Donald Trump and congressional Republicans are working to make the 2017 Tax Cuts and Jobs Act permanent. The proposed extensions include lower individual tax rates, expanded child tax credits, and elimination of taxes on overtime pay, tips, and Social Security income. While supporters argue these measures will stimulate economic growth and benefit small businesses, critics express concerns over the projected $4 trillion cost over the next decade and the disproportionate advantages for high-income earners. Debates continue over funding these cuts, with discussions on reducing spending and modifying deductions like the SALT cap
