#TrumpTaxCuts

Trump is once again shaking up the US tax system

New information has just emerged: Trump's team is actively promoting a new package of tax changes that could be a game changer 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 interesting is the discussion of the idea of eliminating taxes on social benefits and overtime — something that was not even brought up in public debates before.

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 — a rise in the budget deficit is expected to reach trillions of dollars.