Ahead of the elections, Donald Trump has shifted his focus on the economy which might become a key issue as a new tax policy is due next year in the United States. But amidst all the talks there still lacks clarity among the public as to what his plan is.
Trump’s tax proposals are simultaneously stirring excitement and confusion. He promises to cut taxes on tips, Social Security benefits, and overtime pay if he wins again, claiming these changes will help Americans financially and boost the economy.
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The biggest worry is that the Republican candidate hasn’t explained how he will fund these cuts without causing massive budget deficits. His plane solely relies on an economic boom which isn’t much to go by.
On the other hand, Kamala Harris has a different approach, supporting higher taxes on the wealthy to fund social programs. However, she hasn’t commented on the tariffs that affect the middle class like overtime pay and social security benefits.
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The former president explained his goals during his visit to Nevada which is still up for grabs for both the candidates. As the race is running tight Trump’s ambitious, yet confusing, tax plans might become the deciding factor for many voters.
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