#TrumpTaxCuts
President Trump's renewed push to extend the 2017 Tax Cuts and Jobs Act (TCJA) is stirring debate in Washington. The proposal aims to make individual tax cuts permanent, introduce new breaks for manufacturers and auto loans, and eliminate taxes on tips and overtime pay. However, the plan faces hurdles due to its projected $4.5 trillion cost over the next decade and internal GOP divisions over spending cuts and the state and local tax (SALT) deduction cap. Supporters argue the extension would boost jobs and wages, while critics warn it could increase the national debt and strain public services.