#特朗普税改 Trump's tax reform policy continues to advance in 2025, but faces numerous challenges and controversies. The following are the specific contents and impacts:

Tax Reform Contents

1. Continuation of large-scale tax cuts: The Trump administration plans to extend most of the tax reduction measures from the 2017 Tax Cuts and Jobs Act, including lowering personal income tax and corporate tax rates.

2. Tax increase on millionaires: Some within the Republican Party have proposed a 40% tax rate on individuals with an annual income of $1 million or more as a funding source for economic stimulus plans. However, this proposal has sparked intense debate within the party.

3. Increase in state and local tax deduction limits: The Republican Party is considering raising the limit on state and local tax deductions from $10,000 to as much as $25,000.

4. Tax exemptions for specific groups: Trump has proposed a series of tax cuts, including tax exemptions for seniors, waiters, veterans, active military personnel, police officers, and firefighters, which could benefit approximately 93.2 million Americans.

Impacts

1. Increased fiscal deficit: The large-scale tax cut policy is expected to significantly increase the federal fiscal deficit, posing a challenge to the financial health of the U.S. government.

2. Economic stimulus and risks: Although the proposal to tax millionaires aims to increase government revenue, Trump fears it will encourage wealthy individuals to leave the U.S., thereby negatively impacting the economy.

3. Global trade impact: Trump's tariff policy has also sparked widespread attention and controversy globally. High tariffs could lead to a decrease in global goods trade and have negative effects on U.S. consumers and labor.

4. Domestic economic impact: Although Trump claims that tariffs will promote the development of American manufacturing and protect jobs, economists warn that this could raise commodity prices and harm consumer interests.

Summary

Trump's tax reform policy continues to advance in 2025, but faces multiple challenges such as increased fiscal deficits, internal party divisions, and global trade tensions. Although the tax cuts aim to stimulate the economy, their long-term effects and potential risks still need further observation.