“Key provisions of the bill include No Tax on Tips, No Tax on Overtime, No Tax on Social Security, a deduction for auto loan interest on Made-in-America vehicles, and much more — putting more money back in the pockets of families, workers, and seniors,” it adds.
US Department of the Treasury, Secretary Scott Bessent said of the act: “The Working Families Tax Cuts are about opening the books for the American people.
“We want Americans to see exactly how President Trump’s policies will strengthen small businesses, allow workers to keep more of their hard-earned money and spur economic growth.”
President Donald Trump’s move to rebrand the Department of Defense to the Department of War could cost taxpayers $125 million, and that’s just the start of it.
You might be wondering what is going on in Trump’s Administration when it comes to the Department of Defense’s name being changed to the Department of War.