Trump tax plans could exempt 93 million Americans from income taxes
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.
As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.
So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.
Published Mon, Oct 21 2024 2:27 PM EDT
https://www.cnbc.com/2024/10/12/trumps-tax-cuts-expire-after-2025.html
Oct 21, 2024, 8:01 PM
Well, we have to extend the tax cuts, very importantly. I think it's a very important thing, but, and our Secretary of Treasury has been really well received, as you see by the stock market, et cetera, but very important, we have to extend the tax cuts. But you know, a lot of the things when, when the Democrats were saying, you know, they need Congress to secure the border. They don't need Congress. All you have to do is say, I want the border secured. I had the most secure border we've ever had, and I never had to go to Congress for it.