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major tax cutsNewsweek
•74% Informative
Donald Trump is revealing key tax plans that could shape his government.
The Republican nominee has not yet released fully detailed tax plans if he wins a second term in office.
Trump wants to extend his landmark tax policies from the 2017 Tax Cuts and Jobs Act .
Trump has also said he wishes to impose a universal baseline tariff on all U.S. imports as well as lifting current tariffs on China .
He later posted on Truth Social: "WITH TRUMP , NO TAXES ON TIPS!!!" Trump also has not declared whether the proposal would exempt tips solely from federal income tax, or whether it would also exempt tips from payroll taxes. The Committee for a Responsible Federal Budget has predicted such a policy would "reduce federal revenues by $150 to $250 billion over 10 years on a static basis and could reduce revenue significantly more once behavioral effects are incorporated." Update 7/22/2024 7:20 a.m. ET : The headline has changed. Start your unlimited Newsweek trial.
VR Score
78
Informative language
81
Neutral language
48
Article tone
semi-formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
13
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