Post

#Trump’s Tax Reform



Trump’s new tax reform plan, called the One Big Beautiful Bill (OBBBA), aims to:

* Make 2017 tax cuts permanent
* Raise standard deduction (e.g., $16K for singles)
* Boost child tax credit (up to $2,500)
* Exclude tips and overtime from income tax
* Raise SALT deduction cap to $40K
* Add new perks like auto loan interest deductions and savings for parents

💰 Estimated cost: Adds $3–4 trillion to the deficit
🏛️ Status: Passed in House, moving through Senate
⚖️ Debate: Backed by GOP for growth; criticized for favoring wealthy and cutting social programs

#BTC
#Gate Square Creator Spark Program
#Gate Alpha New Listings
#Kevin Lee Joins Gate Square
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
USDCUSDC0.00%
PENGUPENGU-3.45%
SOLSOL+0.01%
HH-0.09%
ETHETH0.00%


Add a comment
Add a comment

Comment
Cryptoking13
2025-06-30
First Review
super stuff bro about the bitcoin
0