President Trump is back with a bold, America-first tax plan that’s got the Swamp shaking in its loafers—and for good reason. In a press briefing on Tuesday, White House Press Secretary Karoline Leavitt laid out the administration’s latest tax proposal, which is laser-focused on putting more money back into the pockets of middle-class Americans while closing the loopholes that billionaires and Wall Street fat cats have been exploiting for years.
At the heart of Trump’s plan are three key promises he made on the campaign trail—and unlike typical politicians, he’s actually delivering: eliminating federal taxes on tips, Social Security benefits for seniors, and overtime pay. That’s not just talk. That’s real relief for hardworking Americans who’ve been crushed under the weight of Biden-era inflation, skyrocketing costs, and bloated government spending.
Leavitt emphasized, “These tax cuts will be the largest in history for middle-class working Americans.” And knowing Trump’s track record, she’s not exaggerating. The administration is also looking to renew the wildly successful 2017 middle-class tax cuts—the same cuts that turbocharged the economy before Biden came along and tried to bury it under regulations and tax hikes.
But here’s where it gets interesting: Trump’s plan isn’t just about tax cuts. He’s also going after the elites who’ve been gaming the system for decades. The proposal closes the carried interest loophole, a favorite trick of hedge fund managers to dodge taxes, and eliminates special deductions for billionaire sports team owners. Imagine that—holding the rich accountable without punishing the middle class. What a concept.
BREAKING: Karoline Leavitt lays out President Trump's tax priorities calling it “the largest tax cut in history for middle-class, working Americans.”
– No tax on tips
– No tax on Social Security
– No tax on overtime pay
– Renewing the 2017 Trump Tax Cuts
– Adjusting the SALT cap… pic.twitter.com/uTkTrFRHSe— Charlie Kirk (@charliekirk11) February 6, 2025
Of course, the usual suspects in Congress—Democrats and a handful of nervous Republicans—are already clutching their pearls. Some are whining about the national debt (as if they cared when Biden was printing money like it grew on trees), while others are worried about losing their precious loopholes. The proposal to lower the corporate tax rate to 15% for domestic production is also ruffling feathers, but Trump knows exactly what he’s doing. This is about bringing jobs back to America, plain and simple.
Yes, there are concerns about the deficit. But here’s the thing: economic growth pays for itself. When people have more money to spend, businesses thrive, jobs are created, and tax revenue increases. It’s basic economics—something Democrats never seem to grasp.
Bottom line? Trump is fighting for the middle class—not the D.C. elite, not Wall Street, and certainly not billionaire sports owners. Congress can either get on board or get out of the way.
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