Trump's Tax Agenda: Potential Cuts and Economic Impact

President-elect Donald Trump is planning an ambitious tax agenda that includes slashing corporate tax rates further from 21% to 15% and potentially eliminating income taxes, replacing them with tariffs. He also aims to repeal the $10,000 cap on state and local tax deductions (SALT), a move that could face bipartisan challenges. With the possibility of Republican control of Congress, extending and expanding tax cuts is a priority, though some proposals, like the SALT cap repeal, may encounter resistance from both high-tax states and progressive lawmakers.