Congress Faces Challenge in Implementing Trump's Proposed Tax Cuts

House Speaker Mike Johnson emphasizes the need for careful budget calculations to fulfill Trump's tax cut promises.

President-elect Donald Trump has pledged to eliminate income taxes on tips, overtime pay, and Social Security checks as part of his economic agenda.
House Speaker Mike Johnson has stated that Congress will prioritize implementing these tax cuts, aiming to reduce the cost of living.
Economists warn that Trump's proposed tax cuts could significantly increase the federal debt, potentially adding up to $10 trillion over the next decade.
Congress is tasked with finding a way to finance these tax cuts, with Johnson emphasizing the importance of maintaining a pro-growth economy.
The tax cuts are part of a broader economic plan that includes extending the 2017 Tax Cuts and Jobs Act provisions and imposing tariffs on foreign goods.