Expect a Four-Year Cliff on New Trump Tax Cuts
If there are new tax cuts for tips, social security and overtime, it will likely not be permanent
President Trump during his campaign promised various tax cuts of which the largest ones were:
No taxes on social security (estimated cost of about $1.5 trillion over 10 years),
No taxes on tips (estimated cost of $300 billion), and
No taxes on overtime (estimated cost of at least $2-3 trillion).
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