#TrumpTaxCuts As of April 28, 2025, President Donald Trump and congressional Republicans are advancing a significant tax reform package aimed at extending and expanding the 2017 Tax Cuts and Jobs Act (TCJA). This initiative, often referred to as the "Trump Tax Cuts," is a central component of the administration's economic agenda.

🔑 Key Proposals

Permanent Extension of TCJA Provisions: The plan seeks to make the individual tax cuts from the TCJA permanent, which are currently set to expire at the end of 2025.

New Tax Breaks: Proposals include eliminating taxes on tips, Social Security income, and overtime pay, as well as introducing deductions for manufacturers and auto loans.

**Income Tax Reductions