Trump's 2026 Tax Cut Proposals Explained

"so the question is if these tax cuts don't get extended what would happen to tax rates I'll show you this is what would happen if you make over $1,900 your tax rates are going to go up the marginal tax bracket rates would go up in almost all brackets except the lowest tax bracket and then this tax bracket right here where it would stay at 35% so this will go from 12% to 15% 22% to 25% 24% to 28% 32% to 33% 35% would stay the same right here and then this would go from 37% to 39.6%"

"if you make your products in a foreign country you might be subject to a tariff tax this tariff tax means that if you're a business manufacturing things in China you might have to pay an additional tax now to produce that product which means that it's going to be more expensive for you to produce that product"

"he's going to reward you by producing the product in America through tax cuts by producing that product in America what that looks like to me as a random guy on YouTube is giving businesses who produce products in America a better chance to be able to compete against businesses who produce their products in a foreign country by offering them number one the ability to not pay the tariff tax and then the ability to save money on taxes"

"while the businesses that are producing products overseas still have to pay 21% as their reward to make your product in America a tax incentive to make your product in America and then if you make a product in a foreign country you also have to pay a tariff on top of that"