Trump says he’ll work with Republicans in Congress to ‘dramatically’ cut taxes

President Trump announced plans to work with Republicans in Congress to significantly reduce taxes for individuals, workers, and companies, including eliminating taxes on tips, Social Security, and overtime. The proposed tax cuts will also apply to domestic oil and gas producers, and allow companies to expense 100% of investments in new factory construction and other capital expenses. Trump emphasized the importance of incentivizing purchases that benefit the country by allowing them to be expensed.

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