#TrumpTaxCuts

In April 2025, Republicans are seeking to extend the tax cuts enacted by Trump in 2017, before they expire at the end of the year. The proposal includes extending the cuts and adding new exemptions such as eliminating taxes on tips and overtime pay. The estimated cost reaches $4.5 trillion over ten years, raising concerns about increasing the federal deficit. To fund it, Republicans propose cutting spending by $2 trillion, focusing on programs like Medicaid, education, and green energy. The proposal faces opposition from Democrats and some moderate Republicans due to concerns about negative impacts on vulnerable groups. Republicans plan to use the "reconciliation" mechanism to pass the law without needing Democratic support, but internal disagreements may hinder the project.