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#TrumpTaxCuts Trump proposes a new tax cut to alleviate the impact of tariffs on Americans
The American president: the focus will be on individuals earning less than $200,000 annually
President Donald Trump stated on Sunday that the wide-ranging tariffs he imposed may allow him to reduce income taxes for individuals earning less than $200,000 annually, amid growing public concern about his economic agenda.
Earlier, Trump mentioned that tariff revenues could replace income taxes, although economists have questioned those claims.
Trump said on Sunday via his page on "Truth Social": "When the tariffs start to take effect, income taxes for many people will be significantly reduced, and possibly eliminated altogether. The focus will be on individuals earning less than $200,000 annually."
In just a few weeks, Trump's tariffs have caused disruptions in the global economy, raised concerns about rising prices for Americans, and issued warnings that his policies could lead to a recession.
Results from a survey conducted by CBS News published on Sunday revealed that 69% of Americans believe that the Trump administration is not focusing enough on reducing prices. The survey also showed a decline in the approval rating of Trump's economic performance to 42%, down from 51% in early March.
The upcoming Bitcoin currency Excellent for long-term investment #XRPETFs #xrp The U.S. Securities and Exchange Commission (SEC) has approved the launch of ProShares exchange-traded funds linked to futures contracts for XRP. Approval of futures contracts: The SEC has approved the launch of three ProShares ETFs that invest in XRP futures contracts, not in the spot XRP currency itself. Launch date: These funds are expected to start trading on Wednesday, April 30, 2025. Types of funds: The proposed funds include ProShares Ultra XRP ETF (symbol URP), which aims to achieve twice the daily return of XRP, and ProShares Short XRP ETF (symbol SRXP), which aims to achieve an inverse return (-1x) of the daily return of XRP, and ProShares UltraShort XRP ETF (symbol XXRP), which aims to achieve twice the inverse return (-2x) of the daily return of XRP. Not spot funds: It is important to emphasize that these are not ETF funds that invest directly in the XRP currency (spot funds), but rather rely on XRP futures contracts. Potential impact: This approval is seen as a positive step toward increasing institutional interest in XRP and may pave the way in the future for spot XRP ETFs after the conclusion of Ripple's case with the SEC. $XRP
Excellent strategy for profiting from currency exchange rate differences on platforms #Arbitrage #Binance
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