#TrumpTaxCuts

*** US income tax cut? ***

He did promise a complete abolition, but maybe that will come later 🤭

Good idea, but first it would be necessary to assess the yield from tariffs, not only count the income, but also factor in expenses and lost earnings from canceled trades!

..............

Donald Trump has urged House Republicans to pass a tax-cut bill, claiming it would unleash unprecedented prosperity in the United States.

On his social media platform, Truth Social, he described the bill as "big and beautiful."

The proposal extends his previous tax cuts, allocates $150 billion to the military, and $175 billion to combat illegal immigration. It also includes $1.5 trillion in tax cuts over ten years and requests a $5 trillion increase in the federal borrowing limit to avoid a summer debt ceiling crisis.

Trump has previously criticized the 1913 introduction of income tax, asserting that the nation thrived on tariffs, disregarding the vastly smaller government expenditures of the 19th century...