Trump Outlines Ambitious Economic Proposals, Including Major Tax Reforms

President-elect Trump aims to extend tax cuts, impose tariffs, and lower corporate taxes, but faces challenges in a divided Congress.

Trump plans to extend the 2017 Tax Cuts and Jobs Act provisions, focusing on benefits for individuals and corporations.
He proposes eliminating federal taxes on Social Security benefits, tips, and overtime, but these could impact Social Security funding.
Trump's tariff strategy includes significant levies on imports, which could act as a sales tax on American consumers and affect prices.
Plans to lower the corporate tax rate to 15% aim to boost manufacturing, but could face legislative hurdles.
Trump's proposals include measures to make housing and car ownership more affordable, though details remain sparse.