#TrumpTaxCuts

Trump is shaking up the US tax system again

News have just emerged: the Trump team is actively promoting a new package of tax changes that could change the rules of the game for American business. The main emphasis is on extending tax breaks and trying to exempt tips from taxes for service workers.

This looks like an attempt to regain the loyalty of small businesses and the middle class on the eve of the election. But more interesting is something else: they are discussing the idea of abolishing taxes on social benefits and overtime - something that has not even been brought up for public debate before.

If these proposals are implemented, it could launch a completely new model of income distribution in America. However, there is another side of the coin - the budget deficit is expected to increase by trillions of dollars.