Reported about 10 hours ago
In a recent meeting with Republican lawmakers, President Donald Trump revealed his tax reform priorities, advocating for the elimination of the carried interest tax break for private equity fund managers and an expansion of the state and local tax deduction (SALT). Trump also aims to cut taxes on tips, Social Security payments, and overtime earnings, while challenging special tax breaks for sports team owners. The GOP plans to renew elements of Trump's significant 2017 tax cut and seeks to tie these reforms to broader immigration legislation, amid internal discussions about moving forward with a budget reconciliation process.
Source: YAHOO