FEBRUARY 2025: TRUMP PRESIDENCY ICE Trump’s Sweeping Tax Plan

Trump’s Sweeping Tax Plan
"White House Press Secretary Karoline Leavitt outlined President Donald Trump’s latest tax plan in a press briefing Tuesday. The plan includes sweeping tax cuts for middle-class Americans and targets loopholes used by billionaire sports team owners and Wall Street executives.

“These are the tax priorities of the Trump administration that the president has laid out for members in that meeting today,” Leavitt said. At the center of Trump’s tax agenda is the elimination of taxes on tips, Social Security benefits for seniors, and overtime pay—three key promises he made on the campaign trail. “These tax cuts will be the largest in history for middle-class working Americans,” Leavitt emphasized. “The President is committed to working with Congress to get this done.”
Notable among these is the elimination of federal taxes on tips, overtime pay, and Social Security benefits—a move designed to boost the take-home earnings of workers and retirees.
Additionally, the administration seeks to lower the corporate tax rate to 15% for domestic production, aiming to bolster domestic manufacturing and investment. " 

TP