#TrumpTaxCuts Donald Trump announced plans to extend the tax cuts from 2017, which are set to expire at the end of this year. He proposed reducing or even eliminating income taxes for individuals earning less than $200,000 annually, funded by revenue from tariffs. Meanwhile, Republicans in Congress are working on legislation that includes tax cuts alongside spending on defense, energy, and immigration policies. However, this plan has faced criticism due to concerns about increasing national debt.