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President Trump’s new TrumpTaxCuts plan proposes making the 2017 tax cuts permanent while introducing fresh benefits like no taxes on tips, tax-free Social Security, and deductions for car loan interest. The plan, estimated to cost around $5 trillion, could drive higher national debt and interest rates. To balance costs, Republicans suggest $2 trillion in spending cuts, including limits on business deductions. No tax hikes for the wealthy are planned. For crypto investors, while the direct impact remains unclear, changes in debt, inflation, and market sentiment could create new opportunities and risks. Stay alert as policies evolve!
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