New Tax Cuts Announced For Middle/Working Class Americans

President Trump has outlined his plan for what he calls the "largest tax cut in history for middle-class working Americans," which includes:

Eliminating taxes on tips

Exempting seniors' Social Security income from taxation

Removing taxes on overtime pay

Renewing Trump's middle-class tax cuts

Adjusting the SALT cap

Eliminating special tax breaks for billionaire sports team owners

Closing the carried interest tax loophole

Implementing tax cuts for "Made in America" products