Trump talks ‘priorities’ with GOP to cover ‘largest tax cut in history for middle-class’

[mystery-ak]

Trump talks ‘priorities’ with GOP to cover ‘largest tax cut in history for middle-class’
February 7, 2025 | Vivek Saxena

President Donald Trump has called on House Republicans to cut taxes for most Americans while spiking them for a select few.

During a meeting Thursday with top House Republicans, Trump specifically asked them to use budget reconciliation to eliminate tax perks for hedge fund managers and sports team owners, and then use the savings to cut taxes for the majority of the American people.

Word of the meeting came from White House press secretary Karoline Leavitt, who later told reporters that “this will be the largest tax cut in history for middle-class, working Americans.”

She then read from a list of “tax priorities” that were discussed during the meeting.

Listen:

https://twitter.com/charliekirk11/status/1887590444655386738

more
https://www.bizpacreview.com/2025/02/07/trump-talks-priorities-with-gop-to-cover-largest-tax-cut-in-history-for-middle-class-1521258/

[cato potatoe]

Retreating on the SALT cap is a costly mistake.  Wealthy taxpayers in the northeast and California need to stop backing politicians who redistribute their assets.  If nothing can be done about the local situation, they should move to better-managed states. 

[Fishrrman]

Eliminating (or at least reducing) the taxes on Social Security is a big one for me (even though I stopped paying INTO SS in 1979).

This year, fully 85% of my "SS equivalent benefits" are taxable.
Had that been 0%, or had there been some kind of "limitation" (say, a maximum of 30% of benefits to be taxable in all cases), it would have reduced my taxes quite a bit.

As it this year, no refund -- I owe the IRS instead.

[libertybele]

We'll see what happens.  SS is a complete mess ....

[Kamaji]

Trump talks ‘priorities’ with GOP to cover ‘largest tax cut in history for middle-class’
February 7, 2025 | Vivek Saxena

President Donald Trump has called on House Republicans to cut taxes for most Americans while spiking them for a select few.

During a meeting Thursday with top House Republicans, Trump specifically asked them to use budget reconciliation to eliminate tax perks for hedge fund managers and sports team owners, and then use the savings to cut taxes for the majority of the American people.

Word of the meeting came from White House press secretary Karoline Leavitt, who later told reporters that “this will be the largest tax cut in history for middle-class, working Americans.”

She then read from a list of “tax priorities” that were discussed during the meeting.

Listen:

https://twitter.com/charliekirk11/status/1887590444655386738

more
https://www.bizpacreview.com/2025/02/07/trump-talks-priorities-with-gop-to-cover-largest-tax-cut-in-history-for-middle-class-1521258/

What “tax perks” are those?

[dfwgator]

Getting rid of the AMT would be a good start.

[Wingnut]

Getting rid of the AMT would be a good start.

It won't help me now as I am beyond that... but Dayum that is a solid suggestion by the kid from dfw.