Donald Trump promises tax cuts for everyone, presses new breaks on tips, overtime in the congress address

US President Donald Trump renewed his push for broad tax cuts in his speech to the congress and argued that his economic policy had already achieved strong results. Donald Trump proposed tax cuts that aim to promote economic growth and benefit a wide range of Americans. He asked cross -party support to expand and expand tax cuts, including the removal of taxes to tips and overtime. President Trump said that the tax cuts implemented during his first term were a key factor for the country's economic growth. “They brought me high grades for the economy,” he said, justifying his call to make them permanently.

In addition, he outlined a plan to reduce the costs for Americans, combine tax cuts with deregulation in the energy sector and reduce state expenditure. An essential part of this strategy includes the financing of Elon Musk's newly proposed Ministry of Government Efficiency (Doge), which aims at reducing bureaucratic waste.

The President asked democratic legislators to support the proposed tax reforms and suggested that this could influence their political prospects. He spoke to the Democrats and noticed: “I am sure that they will vote for these tax cuts, because otherwise I don't believe that people will ever vote them in office.” He then cleared the Republican members and expressed confidence in their support, which was right with enthusiastic applause.

The proposed tax cuts include the extension of the provisions from the law on tax cuts and jobs for 2017, which are to expire in 2025. While the president's proposals aim to revitalize the economy, they have triggered a debate on their potential effects on income relief and public debt. Critics argue that such extensive tax reductions could benefit disproportionately with higher incomes by individuals and companies and that the tax challenges could tighten. Fillers claim that reducing the tax burden leads to increased consumer expenses and investments and thus promotes economic growth.

The President's address also showed other economic initiatives, including the deregulation efforts and freezing the federal government, which all aimed at reducing government expenditure and promoting efficiency.