Donald Trump, the US president, has once again delivered new updates in his recent press address. Trump’s plan to revamp the US economic front continues to invite global attention. The president’s recent press event was all about upgrading the US economy and bringing new reforms in terms of tax stimulus and crypto innovation to revamp the economy to match the 21st-century tech upgrades.
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New Tax Stimulus To Take Note Of
Trump, in his attempt to alleviate pressure weighing heavily on the US citizens, announced a new tax refund process, which will help Americans save $11,000 to $20,000 in taxes from next year.
“Next year, you’ll also see the results of the largest tax cuts in American history that were really accomplished through our great big beautiful bill. Perhaps the most sweeping legislation ever passed in Congress. Under these cuts, many families will be able to save between $11,000 and $20,000 a year. And next spring is projected to be the largest tax refund season of all time.”
At the same time, Trump also announced a “warrior dividend,” a move that ensures sending checks worth $1776 to nearly 1,450,000 US soldiers.
“Along with the just-passed one big beautiful bill, tonight I am also proud to announce that more than 1,450,000—think of this, 1,450,000 military service members will receive a special thing—military we call a warrior dividend before Christmas, a warrior dividend in honor of our nation’s founding in 1776. We are sending every soldier $1,776. Think of that. And the checks are already on the way. Nobody understood that one until about 30 minutes ago.
A New Wave Of Crypto Support For The US Economy
In an effort to revamp the US economy’s financial structure, Trump further shared a new update, talking about adopting state-of-the-art crypto tech to upgrade existing services. Trump explained in more detail, sharing how the current financial system is “outdated” and that new crypto-backed frameworks will be deployed to fast-track the domain.
“Many Americans are unaware that behind the scenes, the technical backbone of the finate. cial system is decades out of date. Many, many years out of date. You know that. Paul and others are straightening it out, but payments and money transfers are costly and take days or even weeks to clear. Under this bill, the entire ancient system will be eligible for a 21st-century upgrade using the state-of-the-art crypto technology. Who would have thought we would have been saying that two years after?”
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