#TrumpTaxCuts

As of April 29, 2025, President Trump's administration is pushing to permanently extend the 2017 Tax Cuts and Jobs Act, which is set to expire at the end of 2025. Extending these cuts is projected to add $4 trillion to the national debt over the next decade. The proposed plan includes significant spending cuts, notably targeting Medicaid, education, and green energy initiatives, aiming to offset the tax reductions. However, these proposals have sparked internal divisions within the Republican Party and face strong opposition from Democrats. A final legislative package is expected by July 4, 2025 .

Accountancy Advisors

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Reuters

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Center for American Progress

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Center for American Progress

Axios

#TrumpTaxCuts #TaxPolicy2025 #FiscalPolicy #USDebt #MedicaidCuts #TaxDebate