#Trump’s Tax Reform#

🇺🇸 #Trump's Tax Reform – One Big Beautiful Bill (OBBBA) Detailed Review

As of June 2025, one of the hottest topics in US politics and global markets is Trump's new tax reform package -
that is "One Big Beautiful Bill" (OBBBA) – has the potential to affect not only America but the entire global financial system.

This bill is seen as the first concrete step of the "sharp turn" in economic policy following Trump's re-election.
So what does this law contain, who are the winners, who are the losers?

📜 1. Fundamental Provisions of the Law: "Is the American Dream Coming Back?"

🏦 Tax Reduction is Becoming Permanent

Trump is making the individual and corporate tax cuts he implemented in 2017 permanent.
• The corporate tax rate is fixed at 21%.
• Individual income tax brackets are being lowered further.

👪 Standard Discount Increase
• For singles: 16,000 $
• For married couples: $32,000
Trump describes this as "the right of every American to breathe."

💵 Tips and Overtime are Tax-Exempt

A major incentive for workers in the service sector:
Tip income will no longer be taxed.
• Overtime wages will be exempt from tax up to a certain annual limit.

🌆 SALT Ceiling is Rising
• The ceiling on state and local tax deductions is being raised from (SALT) to $10,000 → $40,000.
This is a significant advantage for the wealthy living in states with particularly high taxes.

👴 2. Privileges for the Elderly Population

💊 Senior Discount
• An additional tax deduction of $3,000 to $6,000 will be applied for individuals aged 65 and over.

🚘 Car Loan Discount
• A tax reduction of up to $10,000 per year will be granted for vehicles produced in the USA.
→ This incentive aims to revitalize the automotive sector and increase national production.

👶 3. MAGA Accounts and Family Incentives

Trump is introducing accounts called "MAGA Accounts" to increase children's savings:
• $1,000 government contribution for each newborn child
• Contributions made to these accounts for children's education and health become tax advantageous.

🌿 4. Biden's "Green Energy Laws" are being repealed
• Clean energy loans are being canceled.
• Incentives are being reintroduced to the coal, oil, and natural gas sectors.
→ This decision is quite controversial in terms of climate policies.

📊 5. Impact on the Budget: Is a Debt Crisis Looming?

According to the forecasts of the U.S. Congressional Budget Office (CBO), this bill:
• It could generate additional debt of between $3.2 trillion and $4.7 trillion within 10 years.
• Cuts in social spending, especially in programs like Medicaid and SNAP food assistance, are on the agenda.

🔴 In summary: While the wealthy class benefits from tax cuts, millions dependent on social welfare programs may lose access to health and food support.

⚖️ 6. Political Situation: What is Happening in the Parliament and Senate?
• Senate: Very close to passing the bill with 51 against 49. However, two Republican senators (Rand Paul, Thom Tillis) may vote against.
• Democrats: Under Schumer's leadership,
It is trying to extend the process with proposals for changes in areas such as SALT and Medicaid.

Trump wants to pass this law before July 4 (American Independence Day).

📉 7. How Will It Be Affected?
High Income; Profitable due to tax advantages and the wide SALT cap.

Middle Class; Limited tax reduction, long-term risk due to increased debt.

Elderly people are positively affected by direct discounts and health incentives.

Young people are negatively affected by the increase in state debt and the cuts in social support.

Low-income individuals may experience significant losses with the termination of supports such as Medicaid and SNAP.

🔮 Result: New American Economy?

Trump's "One Big Beautiful Bill" reform reflects traditional conservative policies of tax cuts and reductions in social spending.
However, this time the impact is much greater and long-lasting:
• Wealth distribution in the US economy will be reshaped,
• Debt dynamics may unsettle global markets,
• It may cause the Dollar to lose strength in the medium term.

This law affects not only US domestic policy,
powerful enough to affect all global asset classes, including crypto.

We will see more clearly how it will affect us over time.