Trump'S Tax Plan 2025 Summary. It also directs $4 trillion toward raising the debt limit, and it includes $4.5 trillion to extend trump’s 2017 tax cuts and jobs act (tcja) and other tax provisions pushed by the. We estimate the new tariffs would shrink economic output by 0.4 percent and increase taxes by $1.1 trillion, amounting to an average tax increase of more than $800 per us household in 2025.


Trump'S Tax Plan 2025 Summary

There are a number of elements to trump’s tax plan that, if enacted, would radically alter the system of taxation. Congress will soon debate provisions from the trump tax law that are set to expire at the end of 2025, as well as other tax policies that trump proposed on the campaign trail.

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