Trump's campaign promises to cut taxes aim to put more money in Americans' pockets, but extending the 2017 tax cuts could add over $4 trillion to the national debt.
For households earning between $60,000 and $100,000, extending Trump’s 2017 tax cuts means retaining around $1,000 in taxes, while those earning over a million could see savings of $70,000.
Despite promises like 'no tax on tips', which sounds beneficial, such measures only touch about 2.5% of the employment sector, raising questions about their overall impact.
The financial ramifications of extending Trump’s tax cuts remain unclear, particularly concerning how they'll address the projected rise in national debt exceeding $4 trillion over a decade.
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