#特朗普税改

Partially transcribed from the news

The Trump administration's tax reduction plan was designed by a 'Big Six' team composed of the Treasury Department, the National Economic Council (NEC), congressional leaders, and others, aiming to maintain over 3% GDP growth for the U.S. economy over the next 10 to 20 years. The following are the main tax reduction measures:

Corporate tax reduced to 15%: This allows American companies to have more funds to continue developing and enhance competitiveness.

Tips and overtime pay tax exemption: This increases disposable income for service industry and low-wage workers.

Social Security Benefits tax exemption: This alleviates the tax burden on retirees.

15% tax rate on 'Made in America' products: This encourages companies to bring production back to the U.S.