#TrumpTaxCuts

Trump tax cuts are back in focus with TCJA provisions expiring end of 2025. Trump wants to make lower income tax rates, doubled standard deduction, and bigger child tax credit permanent. Also pushing no tax on tips, overtime, Social Security, and higher SALT cap. New cuts include auto loan interest deduction and corporate rate drop to 20% or 15% for US-made goods. Cost could hit $5-11T over 10 years. Tariffs (10-20% on imports, 60% on China) meant to offset but may raise prices. GOP using reconciliation to pass with simple majority, Dems say it favors rich. Growth projections vary, top 1% get biggest breaks, bottom 20% see $100-500. Deficit risk and tariff pain could hit markets, but more disposable income might boost crypto like XRP ETFs.