The Republican tax plan will extend the tax cuts of Trump and “Dhu” owners of millions economy

Donald Trump’s tax cuts would extend to Donald Trump’s tax cuts until after December 31 – avoid tax increases and add some new ideas, including Trump’s releases to eliminate advice, pay additional work and social security. The maximum tax rate will remain 37 % after flirting with the president with a higher level for millions.

A preliminary version issued on Friday would reduce the Tax Authority by $ 4.9 trillion. But Republicans intend to reach a goal of no more than $ 4 trillion to $ 4.5 trillion, so today additions need to raise more money by canceling tax incentives and other changes.

Here are some prominent points in the proposal issued on Monday:

Credit for the purchase of new electric cars (EVS) will end on December 31, with the exception of manufacturers that sold less than 200,000 cars, which will receive another year. The commercial and used credits of EVS will end after 2025. Renewable energy production credits or investments will begin to decline by 2029 and will be canceled after 2031. The draft law includes new limits to sell tax credits, which restricts the market that has grown a lot since the law to reduce inflation in 2022. The plan also provides an exemption from the transformation tax and additional work tax, which will begin In 2025 it ended after 2028. The tips were reduced to be written so that it can be claimed by people who work as independent service providers. In addition, Republicans have not suggested an increase in taxes that, according to rumors, will be an end to companies’ ability to conclude their local taxes.