President Trump has outlined ambitious tax cuts, aiming to provide significant relief for American workers. These proposed measures, which include eliminating taxes on tips, Social Security benefits, and overtime pay, signal a potential shift in US fiscal policy with wide-ranging implications for the market. 2017’s Tax Cuts and Jobs Act is being referenced as inspiration for this new legislation. The White House has outlined specific exemptions designed to offer targeted tax relief, while President Trump himself emphasizes these measures as historical tax reductions. Experts anticipate immediate financial shifts including a projected decrease in government revenue and potentially higher tariffs. These adjustments could impact investment strategies and consumer spending patterns. While the proposed changes do not directly affect cryptocurrencies, they may influence broader market sentiment. The potential for increased fiscal deficits and altered consumer spending habits could indirectly impact digital asset markets.