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Post-Election Analysis: Trump’s Tax Plans and Economic Impact

By: Erica York, Kyle Hulehan, Dan Carvajal

Join hosts Kyle Hulehan and Erica York in this episode of The Deduction as they break down the US taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy implications of Donald Trump’s next presidential term. With the GOP gaining control over the White House and likely both chambers of Congress, the discussion centers around potential legislative changes, the future of tax cuts, and the impact of tariffs on everyday taxpayers. Get insights into what Trump’s tax extensions and new proposals could mean for the economy, federal revenue, and household finances.

Links

    • Trump Tax Plan Ideas: Details and Analysis See more
    • Revenue Estimates of Trump’s Universal Baseline Tariffs See more
    • Placing Harris and Trump Tax Plans in Historical Context See more
    • Trump’s TariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. Proposals Would Raise Tariff Rates to Great Depression-Era Levels See more
    • Trump Floats Replacing Income Tax with Tariffs See more
    • Tracking 2024 Presidential Tax Plans See more

Note: This episode is part of an ongoing series exploring taxes and the 2024 election. See our related episodes here, here, here, here, here, and here.

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