Trump 2025 Tax Plan. Trump’s new tariffs on mexico, canada, and china would rank as the largest tax increase since 1993 and the 8th largest peacetime tax increase since 1940. Explore trump's tax policy and its potential impacts on personal finances, from tax cut extensions to corporate rate changes and tariffs.
The republican house budget resolution out wednesday reveals the ways and means committee will get $4.5 trillion to lock in tax cuts, one of president donald trump ‘s. To help illustrate, the following chart lists some of trump’s tax plans, along with key pros and cons.