No tax on tips, overtime, social security payments: Trump outlines his plan for America

To do this, he said that “no tax on tips, no tax on overtime and no tax on benefits for social security for our great seniors” demanded in his speech to a joint congress meeting on Wednesday, March 5, 2025,.

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This also comes to a time at a time when the prices of different goods in the USA with the tariffs in Canada, Mexico and China came into force on Tuesday, March 4, 2025.

Apart from that, Trump also said that he wanted to deliver interest payments for car loans tax deductible, but only if the car was made in America.

This happened after the AA trade group had warned almost all major car manufacturers that the tariffs would lead to drastic price increases according to a report by the Reuters news agency.

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The price index for the personal consumption of the US expenditure in the USA in January compared to the previous year by 2.5%, which was somewhat due to the published data of the US trade department.

Trump also announced that the newly proposed gold card “will soon be on the market” and “enables the most successful job to create people from all over the world, to buy a way to the US citizenship”.

He described the gold card as “like the Green Card, but better, more demanding” and announced that those who arrive with the old card do not have to pay taxes to the country from which they came.

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