President Trump’s new tax proposal builds on the foundation laid in 2017, aiming to extend many of those cuts that are set to expire at year’s end. This continuation ensures that paycheck deductions for most Americans remain unchanged.
The bill also introduces a series of new tax reductions. Though many of these are designed to sunset in a few years, they are intended to deliver short-term financial relief and economic stimulus.
Personal income tax rates will stay the same
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