Understanding President Trump's New Economic Bill

What is the primary focus of President Trump's new economic bill?

• Introducing new stimulus checks

• Major changes to taxes and benefits

• Increasing military spending

• Reducing environmental regulations

How does the bill propose to change federal taxes on tips and overtime?

• Increase taxes on tips and overtime

• Reduce taxes on overtime only

• Eliminate federal taxes on tips and overtime

• Introduce a new tax on tips

What is the estimated annual savings for someone due to the elimination of federal taxes on tips and overtime?

• $2,000 to $2,500

• $3,000 to $3,500

• $1,675 to $1,750

• $500 to $1,000

What is the main goal of opportunity zones 2.0?

• Reduce investment in gentrifying neighborhoods

• Encourage investment in urban areas

• Increase taxes in opportunity zones

• Promote investment in rural and impoverished areas

When are the new rules for opportunity zones 2.0 expected to take effect?

• 2023

• 2025

• 2027

• 2029

What are the proposed cuts in the bill meant to offset?

• Environmental protection programs

• The cost of the bill

• New infrastructure projects

• Increased military spending

What is the current status of the $5,000 Doge dividend?

• It has been rejected by the Senate

• It is being distributed by the IRS

• It is still an idea without official backing

• It has been approved by Congress

What is the administration's projected economic growth from the bill over four years?

• 1% to 2%

• 2% to 3%

• 6% to 7%

• 4% to 5%

What is a potential consequence of combining tax cuts with high spending according to some economists?

• More harm than good

• Stabilized national debt

• Improved trade relations

• Increased economic growth

What should individuals relying on Medicaid or food assistance do in light of the proposed changes?

• Stay informed and consult a benefits adviser

• Ignore the changes

• Move to a different state

• Immediately stop using benefits