#TrumpTaxCuts are back in the spotlight as President Trump pushes to make the 2017 Tax Cuts and Jobs Act permanent, alongside new proposals like eliminating taxes on Social Security benefits and tips. While these measures aim to provide immediate relief to taxpayers, they could add up to $5.3 trillion to the national debt over the next decade. To offset these costs, Republicans are considering $2 trillion in spending cuts, targeting programs like Medicaid and green energy initiatives. Critics warn that without alternative funding, such cuts could jeopardize the long-term sustainability of essential programs like Social Security. The debate continues as lawmakers grapple with balancing tax relief and fiscal responsibility.
