#TrumpTaxCuts Trump’s 2025 Tax Cut Plan: Ambitious but Contentious

President Donald Trump’s 2025 tax cut proposal aims to extend the 2017 Tax Cuts and Jobs Act, costing $4.6 trillion over a decade, and introduce new breaks, including no taxes on tips, overtime, and Social Security benefits. Trump claims tariffs could reduce or eliminate income taxes, starting with those earning under $200,000. However, Republicans face internal divisions over funding, with proposed Medicaid and green energy cuts sparking debate. Economists doubt tariffs can replace income tax revenue, and Congress’s approval is uncertain, making the plan’s passage challenging