In 2025, the Trump administration proposed a new round of tax reform aimed at stimulating economic growth by lowering income tax and corporate tax rates. Specific measures include significantly reducing or even eliminating personal income tax for individuals earning less than $200,000 annually, as well as lowering the corporate tax rate from 21% to 15%. To make up for the fiscal gap caused by the reduction in tax revenue, the government plans to increase income by imposing tariffs on imported goods. However, experts point out that tariffs may lead to rising prices for consumer goods, indirectly increasing the cost of living for low- and middle-income groups. Additionally, the tax reform may exacerbate the fiscal deficit and increase national debt. Therefore, although the tax reform aims to reduce the tax burden, the actual effects still need to be cautiously evaluated.