New Tax Priorities Unveiled by White House; Trump Admin to Dramatically Slash USAID Staff
Crossroads with Joshua Philipp
The Epoch Times
4.9 • 594 Ratings
🗓️ 8 February 2025
⏱️ 61 minutes
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Summary
The United States could soon have a very different tax system. The Trump administration has now unveiled its list of tax priorities. This includes campaign promises like no tax on tips, as well as other reforms. While it doesn’t go as far as the near elimination of federal income tax that some have floated, it does appear to be aimed at reducing the amount of taxes for the average American. In other news, a spotlight has been shone on the U.S. Agency for International Development, and now the Trump administration is looking to dramatically slash staff numbers.
Transcript
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| 0:00.0 | The United States could soon have a very different tax system. |
| 0:04.1 | The Trump administration has now unveiled its list of tax priorities. |
| 0:08.2 | Meanwhile, there's been a lot of attention and investigations into USAID, the U.S. Agency for International Development. |
| 0:15.7 | And now the Trump administration is reportedly looking to cut its worldwide staff of more than 10,000 people to just 294 employees. |
| 0:26.2 | And in other news, Trump has announced several new measures to protect the freedom of belief of Americans, |
| 0:31.3 | and this also includes initiatives specifically to protect Christians from discrimination. |
| 0:39.4 | I'm the Epitimes Senior Investative reporter Joshua Phillip, and you're listening to Crossroads. |
| 0:48.4 | The United States, well, our tax system could see some big changes happening. This is not |
| 0:53.8 | the total elimination of income tax |
| 0:56.0 | that some of us were talking about, but it's something pretty well along those lines, at least on the way |
| 1:01.8 | to it. The Trump administration has now unveiled a list of tax priorities, and this includes |
| 1:06.5 | campaign promises like no tax on tips, as well as a lot of other reforms. And while it doesn't go so |
| 1:13.5 | far as the near elimination of federal income tax that some have hoped for, while it does appear to be |
| 1:19.9 | aimed at reducing the amount of taxes for the average American. So these are the tax priorities |
| 1:25.2 | of the Trump administration that the president has laid out for members in that meeting today. |
| 1:30.7 | No tax on tips, which is obviously a very public campaign promise that the president made. |
| 1:34.9 | No tax on senior's social security. |
| 1:37.8 | No tax on overtime pay. |
| 1:40.3 | Renewing President Trump's 2017 middle class tax cuts. |
| 1:46.0 | Again, these are the president's priorities. Adjusting the salt cap, eliminate all the special tax breaks for billionaire sports team owners, |
| 1:52.0 | close the carried interest tax deduction loophole, tax cuts for made in America products. |
| 1:57.0 | This will be the largest tax cut in history for middle class working Americans. |
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