#TrumpTaxCuts

Trump is once again shaking up the U.S. tax system

New information has emerged: Trump's team is actively promoting a new package of tax changes that could change the game for American businesses. The main focus is on extending tax benefits and attempting to exempt tips for service workers from taxation.

This seems like an attempt to regain the loyalty of small businesses and the middle class ahead of the elections. But more interestingly, there are discussions about the idea of eliminating taxes on social benefits and overtime hours — something that was previously not even brought to public debate.

If these proposals are implemented, it could trigger a completely new model of income distribution in America. However, there is another side to the coin — an increase in the budget deficit by trillions of dollars is expected.