As the political landscape prepares for a potential Trump administration, discussions are intensifying around his ambitious tax proposals aimed at significantly altering the tax landscape. The focus is on substantial tax cuts that could predominantly benefit wealthy Americans, while raising concerns about the national debt. If Trump secures a second term, key changes are on the horizon for tax laws, including the potential extension or overhaul of the 2017 tax cuts and the introduction of new incentives for specific groups. Both Trump and Vice President Harris are setting the stage for a contentious debate over tax reforms that could reshape financial obligations for homeowners, middle-class families, and corporate America alike. As 2025 approaches, investors and taxpayers alike are bracing for a major tax battle that could have sweeping implications on personal finances and government funding.