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Thank you. This is an excellent post. One should keep in mind that these proposals are not a done deal. Multiple steps take place before any tax proposal is implemented. 'The president introduces budget proposals that outline the administration's spending and taxation priorities, as guided by the Secretary of the Treasury and economic advisors. In the legislative branch, Congress votes on legislation and appropriates spending for fiscal policy measures, a process that involves participation, deliberation, and approval from both the House of Representatives and the Senate.
Any legislation passed must be signed by the president before becoming law'.
