INCOMING TAX RELIEF: Trump Outlines His Sweeping Tax Policy Demands to Congressional Leaders
Karoline Leavitt: “This will be the largest tax cut in history for middle class working Americans.”
President Trump’s plan for the “largest tax cut in history for middle-class working Americans”:
- No tax on tips
- No tax on seniors’ social security
- No tax on overtime pay
- Renew Trump’s middle-class tax cuts
- Adjusting the salt cap
- Eliminate all special tax breaks for billionaire sports team owners
- Close the carried interest tax deduction loophole
- Tax cut for “Made in America” products
The White House
Brilliant.
WATCH: President Trump’s plan for the “largest tax cut in history for middle-class working Americans”
Trump details his tax agenda in meeting of House Republicans
By Politico, Feb 6th, 2025
Benjamin Guggenheim and Meredith Lee Hill
President Donald Trump laid out his tax priorities to a group of House Republican lawmakers at the White House on Thursday, including dusted-off proposals to boost taxes on some financial titans and eliminating a tax break for owners of sports teams.
Trump also reiterated the promises he made on the campaign trail to renew expiring provisions of his 2017 tax cuts, as well as eliminate taxes on overtime pay, tips and Social Security, White House press secretary Karoline Leavitt said.
Tax cuts for “Made in America products” and adjustments to the state and local tax deduction — which has been a major ask of Republicans from swing districts — were also put on the table.
AUTHOR
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