White House Press Secretary Karoline Leavitt recently unveiled President Trump’s new tax proposal, aimed at providing tax cuts for middle-class Americans while targeting loopholes benefiting wealthy individuals, like hedge fund managers and sports team owners. The plan focuses on eliminating taxes on tips, Social Security benefits, and overtime pay, offering relief to service workers, retirees, and those working extra hours.
Key elements also include closing tax loopholes, such as the carried interest loophole, and reducing the corporate tax rate to 15% for domestic production. However, critics are concerned about the plan’s potential to increase the deficit and its impact on essential social programs.
The proposal also seeks adjustments to the state and local tax (SALT) deduction cap, a contentious issue for high-tax states. While supporters argue it will stimulate economic growth, Democrats oppose the plan, fearing it disproportionately benefits the wealthy and could lead to cuts in social programs.
With divisions in both parties and significant debate ahead in Congress, the proposal’s future remains uncertain, though it is seen as a key move to address economic challenges and tax fairness.
John Foster walked onto the stage, took a deep breath, and looked up to the sky. Then, in a voice barely louder than a whisper, he said one name: Elvis Presley. The crowd leaned in. And then—with tears slipping down his face—he grabbed the mic and sang “Jailhouse Rock” like it was the last thing he’d ever do. His voice cracked, not from weakness, but from pure emotion. You could hear the ache, the love, the weight of memory in every note. For a few minutes, the world stood still. 50,000 people held their breath. Then—boom. The silence shattered into thunderous applause. This wasn’t just a song. It was a goodbye, a thank you, and a piece of John’s soul laid bare on stage.