President Trump’s new tax proposal aims to ease the burden on middle-class Americans
while closing loopholes benefiting the ultra-wealthy. Announced by White House Press
Secretary Karoline Leavitt, the plan eliminates taxes on tips, Social Security benefits,
and overtime pay. Key provisions include closing the carried interest loophole and
lowering the corporate tax rate to 15% for domestic manufacturing, which supporters
say will boost jobs. However, critics warn it could increase the federal deficit and threaten social programs
