Trump's list of tax demands revealed as GOP goes to war

DAILYMAIL.COM LIVE BLOG: Donald Trump has laid out an 8-point plan for all the tax provisions he wants included in his big MAGA bill and will meet with Japan's PM today at the White House.

Click Here to read in detail

Karoline Leavitt snaps at reporter casting doubt on Trump's Gaza plan  PODCAST: Get all the latest news and insider gossip on our new politics show – Welcome to MAGAland

Published: 12:48 GMT, 7 February 2025 | Updated: 17:09 GMT, 7 February 2025

66 shares

332

Viewcomments

Donald Trump has laid out an 8-point plan for all the tax provisions he wants included in his big MAGA bill. 

That includes no tax on tips or on seniors’ Social Security, renewing the Trump Tax Cuts and adjusting the SALT cap.

He also wants to eliminate the special tax breaks for billionaire sports team owners and close the carried interest loophole.

He huddled with Republicans in the Oval Office on Thursday for roughly five hours, but the GOP is not any closer to striking a deal to get a massive spending bill across the finish line.

Trump will meet with Japan Prime Minister Shigeru Ishiba at the White House today. 

The pair will hold a bilateral press conference that will be sure to garner some wild headlines.

Sarah Ewall-Wice, Senior U.S. Political Reporter:

65,000 federal workers have now opted to take President Trump’s ‘buyout’ deal even as a federal judge delayed the deadline to take the offer.

An official familiar with the matter shared the latest figure as of Friday with DailyMail.com and signaled it is still growing.

That’s up from the 40,000 workers who were said to have taken the deal as of Wednesday ahead of the midnight deadline on Thursday night.

But a federal judge temporarily blocked the February 6 deadline to take the so-called ‘Fork in the Road’ offer Thursday afternoon after the AFGE union representing hundreds of thousands of federal workers and other groups sued.

Another hearing is set for Monday to hear further arguments on the issue.

Even with 65,000 workers taking the deal so far, it is still just over 3 precent of the two million federal workers being given the offer.

Elon Musk’s DOGE had estimated between five and 10 percent of government workers would take the offer and that it would save an estimated $100 billion a year.

The offer as presented by the Office of Personnel Management (OPM) gave all federal workers the option to resign from their current position but remain on the payroll with all benefits until September 30.

The email gave notice that most federal employees were to return to work at offices five days a week. For those who took the offer, they would be exempted from in-person work requirements.

It comes as Musk and DOGE look to slash $2 trillion in federal spending and have taken an axe to numerous agencies and programs.

But some federal workers, experts and lawmakers warned that the Trump administration might not honor the 'buyout' deal or guarantee pay through for end of September.

Democrats have also accused the president and Musk of trying to oust career employees to replace them with Trump loyalists across the federal government.

President Donald Trump announced Friday he would act next week to sign an executive order ending plastic straw bans.

Trump has long mocked paper straws, arguing they are not effective.

President Donald Trump welcomed Japanse Prime Minister Shigeru Ishiba to the White House for the first time Friday morning.

'I love Japan,' said Trump outside the entrance to the West Wing when a reporter asked what his message to the country was.

A senior Trump administration official told reporters the leaders would discuss military training exercises, increased cooperation on defense equipment and technology, foreign investment and energy.

In less than three weeks in office, the president has upended foreign relations by threatening trade wars and unveiling a plan to take ownership of the Gaza Strip.

But he has adopted a more conventional approach to the Indo-Pacific region when he wants to hold China in check.

Jon Michael Raasch, U.S. Political Reporter on Capitol Hill

A Republican is working to end the 'deep state' with a new law that would make it easier for Donald Trump to fire high-level officials who undermine his policies.

Congressman Andy Ogles (R-Tenn.) introduced the 'End The Deep State Act' this week to further enforce a recent Trump executive order.

The order makes policy-influencing positions within the administration directly accountable to the president, and therefore, the American people.

Trump's administration implemented a similar policy during his first term, but it was undone by Joe Biden.

Biden then implemented a rule to make it more difficult for presidents to fire policy-influencing workers.

'This will give the president the latitude to simply hold people accountable,' Ogles told DailyMail.com.

'You can't embed yourself into the deep state, into the bureaucracy, and then simply serve as a detractor and a disruptor for the incoming administration.'

For years Republicans have decried what they call outsized power held by veteran federal bureaucrats working to advance their own objectives and not those of the president or elected officials.

GOP lawmakers and Trump have labeled these officials the 'deep state' which the president has vowed to 'obliterate,' 'demolish,' and, if still standing, 'destroy.'

'There is a level of employee within the federal government that's working against Americans, hard working Americans every single day, and they're untouchable,' Ogles said. 'This fixes that. This creates accountability.'

Jon Michael Raasch, U.S. Political Reporter on Capitol Hill

A group of Democratic lawmakers arrived at the Department of Education to demand a meeting with top agency officials.

However, the doors are locked and the lawmakers are now forced to stand out in the cold.

The department's headquarters are just down the street from the U.S. Capitol.

President Donald Trump signed a batch of executive orders Thursday to combat anti-Christian bias and condemn the ‘illegitimate and baseless’ charges against Benjamin Netanyahu by the International Criminal Court.

Trump's executive action regarding the ICC will add financial sanctions and travel restrictions against the organization's officials in response to the arrest warrant for Israeli Prime Minister Netanyahu, which it issued in May 2024 as a result of the Israel-Hamas war.

The ICC is an international organization based in The Hague. It investigates and prosecutes those accused of war crimes, genocide and other crimes against humanity.

A furious Border Czar Tom Homan raged against an apparent intelligence leak that derailed a massive immigration raid on Tren de Aragua gang members in Colorado this week.

Homan announced he is 'dealing' with the source of the leak after the disruption when multiple federal agencies planned the action at multiple locations in Aurora, Colorado to rot out illegal migrants and gang members.

Speaker Mike Johnson has indicated Republican lawmakers will likely release their budget legislation over the weekend.

Johnson said Friday he and his team are 'very close' to getting the budget done.

He needs to get a congressional budget solidified before the GOP can pass any of Donald Trump's legislative agenda using the reconciliation process.

The speaker is working to compile many of Trump's favorite policies in a large bill that the House lawmakers hope to pass by May.

Approving a budget is just the first step in a long process expected to unfold over the next few months.

However as the clock ticks on and no budget framework is released, the Senate has begun compiling its own budget.

Attorney General Pam Bondi warned sanctuary cities they 'are going to be next' if local officials continue to harbor and protect illegal aliens over the safety of citizens.

Speaking with Fox News' Sean Hannity, Bondi, 59, shared how under her leadership the Justice Department sued the city of Chicago and its mayor Brandon Johnson earlier in the day over its progressive sanctuary policies.

'Not only did we sue today the city of Chicago, we sued the state of Illinois, we sued the mayor, we sued the governor, and we sued others,' she said.

Melania and Ivanka Trump used thousands of dollars from USAID to fund pet projects during Trump's first term it's been revealed as the agency's spending comes under scrutiny from the president.

The president has gone scorched-earth against the USAID this week, berating its use of tax-payer dollars and saying it had to be 'corrupt' in its spending.

But despite Donald's disdain for the aid agency, it has maintained close ties with his wife and daughter for years by investing in their government ventures.

Sarah Ewall-Wice, Senior U.S. Political Reporter:

President Trump's tax priorities have been revealed, but it's going to carry a hefty price tag unless major offsets are made.

Among the big priorities are no tax on tips, no tax on social security, no tax on overtime pay and renewing the tax cuts from the 2017 tax law.

Other priorities are adjusting the so-called SALT cap, eliminating tax breaks for sports team owners, closing the carried interest loophole and cuts for Made in America projects.

But the Committee for a Responsible Federal Budget estimates that depending on how the proposals are written, the plan would reduce revenues by $5 trillion to more than $11 trillion over ten years.

It would also boost debt between 132 and 149 percent of GDP over a decade if not offset.

The biggest line item is extending the provisions of the Tax Cuts and Jobs Act which would reduce revenues by $3.9 trillion to $4.8 trillion over a decade.

Eliminating tax on tips would cast between $100 billion and $550 billion while eliminating tax on overtime would cost between $250 billion and $3 trillion depending on how it’s written.

Adjusting the SALT cap which restricts how much can be deducted in state and local taxes could cost up to $1.2 trillion.

Closing the carried interest loophole and tax breaks for billionaire sports owners would only boost revenues by $100 billion, a substantial sum, but not enough to make a massive dent in the overall drop in revenues.

New York TimesRepublicansLive Blog

Miatamil

Listed here the latest Trending News

Trending Tag : reveal

Death in Paradise's Don Gilet given 'blunt' warning by co-star before filming

Shantol Jackson, who plays Detective Sergeant Naomi Thomas, revealed Don Warrington, who plays Commissioner Selwyn Patterson, had taken the new star aside

Read more >> : Cick here

Share on : 👇

Trending Tag : reveal

Football vs Baseball: Superman Has a Favorite Sport That You'd Never Guess

Superman's sport of choice has been revealed.

Read more >> : Cick here

Share on : 👇

Trending Tag : Gwyneth Paltrow

13 Rich Mom Pieces Inspired by Gwyneth Paltrow

Whether you're looking for an everyday sweater or date night look, snag rich mom style looks inspired by Gwyneth Paltrow on Amazon — more!

Read more >> : Cick here

Share on : 👇

Trending Tag : reveal

Radio 1 caught in major Eurovision blunder as they accidentally leak UK entry

BBC Radio 1 has accidentally revealed the UK Eurovision artist live on air, sparking a wave of confusion among fans. The slip-up came during a casual conversation between presenters, leaving listeners puzzled by the unexpected announcement.

Read more >> : Cick here

Share on : 👇

Trending Tag : Actor

The actor Val Kilmer hated for absolutely no reason

Val Kilmer was tarred with the 'difficult' brush early on in his career, and he didn't help his case by developing random distastes for his peers.

Read more >> : Cick here

Share on : 👇

Trending Tag : Revealed

Every Star Trek: Discovery Change From Its Original Vision Its Series Creator Just Revealed

Bryan Fuller reveals how Disco changed.

Read more >> : Cick here

Share on : 👇

Trending Tag : Anthony Mackie

Anthony Mackie Addresses Potentially Fighting An Evil Steve Rogers Captain America In Avengers Doomsday: "Like De Niro And Pacino In Heat"

Anthony Mackie has thought about fighting Steve.

Read more >> : Cick here

Share on : 👇

Trending Tag : Seth Rogen

Will ’The Studio’ Trailer Be The Most Disgusting Super Bowl Moment?

Seth Rogen and Apple TV+’s ’The Studio’ are here to gross people out with this Super Bowl spot.

Read more >> : Cick here

Share on : 👇

Trending Tag : reveal

Kayla Nicole’s Take On Modern Dating: 'Men Are The Problem'

Kayla Nicole is opening up about the challenges of dating, revealing her frustrations with modern relationships and the behavior of men.

Read more >> : Cick here

Share on : 👇

Trending Tag : Griff

Antonio Banderas' Praise for Stepdaughter Dakota Johnson Will Warm Your Heart - E! Online

Paddington 3 star Antonio Banderas gushed about his stepdaughter Dakota Johnson—whose mother Melanie Griffith he was married to for 18 years—and teased whether they’ll share the screen one day.

Read more >> : Cick here

Share on : 👇