#TrumpTaxCuts

President Trump's administration is pushing to make the 2017 Tax Cuts and Jobs Act permanent. The plan includes eliminating taxes on tips, Social Security income, and making car interest tax-deductible. However, the proposal faces challenges in Congress, with concerns over increased national debt and higher interest rates. The top 5% of earners would receive nearly half of the benefits if the tax cuts are extended, raising questions about fairness and economic impact. Debates continue over how to offset the estimated $4.6 trillion cost, with proposed cuts to Medicaid and green energy incentives.

Accounting Firm

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marketwatch.com

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reuters.com

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rwbzone.com

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WRAL.com

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reuters.com

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politico.com

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#TrumpTaxCuts #TaxReform #EconomicPolicy #WealthInequality #FiscalResponsibility