Trump's 2024 Tax Plans: Impact on Homeowners and Middle Class

1 min read
Source: The Washington Post
Trump's 2024 Tax Plans: Impact on Homeowners and Middle Class
Photo: The Washington Post
TL;DR Summary

Donald Trump's proposed tax policies could lower IRS bills for Social Security recipients, tip earners, and many businesses, but they may significantly increase the national debt by $7.75 trillion by 2035. These plans could impact homeowners, older adults, and the middle class, according to estimates from the Yale Budget Lab, the Committee for a Responsible Federal Budget, and the Tax Foundation.

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