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Daily Archives: May 16, 2025

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President Trump’s “Mega Tax Bill” Key Components of the Proposal

UncategorizedBy Meadville Tax ServiceMay 16, 2025

President Donald Trump’s 2025 tax proposal, often referred to as the “mega tax bill,”represents a comprehensive overhaul of the U.S. tax system. This ambitious plan,currently advancing through Congress, aims to reduce federal revenue by an estimated$5 to $11 trillion over the next decade, potentially increasing the national debt to nearly150% of GDP by 2035 if…

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