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"President Unveils New Economic Plan to Address Rising Inflation"


"President Unveils New Economic Plan to Address Rising Inflation"

In his first 100 days back in office, President Donald Trump has unveiled a comprehensive economic plan aimed at addressing rising inflation and stimulating economic growth. The plan encompasses a multifaceted approach, including tax reforms, trade policies, and energy initiatives, all designed to reduce consumer prices and bolster domestic manufacturing.L

Central to the administration's strategy is a significant tax relief package targeting middle-income Americans. The proposed reforms include eliminating taxes on tips, overtime, and Social Security benefits, which are expected to increase disposable income for millions of workers. Additionally, the administration is pushing to extend and expand the 2017 tax cuts, with provisions such as bonus depreciation and enhanced research and development deductions aimed at incentivizing business investment. Treasury Secretary Scott Bessent has defended these measures as part of an "interlocking" economic agenda designed to spur job creation and reduce inflation