Overview of Trump's Tax Bill: Key Provisions and Implications

Reported about 18 hours ago

The GOP tax bill, proposed by President Trump, aims to extend the 2017 Tax Cuts and Jobs Act and introduces changes to child tax credits, increases state and local tax deductions, and imposes new restrictions on Medicaid and SNAP. The bill's potential impact includes adding $4 trillion to the deficit over the next decade, while maintaining current tax cuts and adjusting eligibility criteria for various assistance programs. The final version may differ as it navigates hurdles in the Senate.

Source: YAHOO

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